VOL. XLII
No. 10
8-March-1999
SAUDI ARABIA
Aramco Shows Steady Hand In Europe, Cuts Crude Prices ForApril In Other Major Markets
Saudi Aramco reversed course on the Asian price front lastweek, giving back a large chunk of the rise it imposed a month ago on regionalcrude buyers. Refiners in Korea and Japan, which have been suffering fromrelentlessly weak operating margins, are now heading into the traditionalsecond-quarter maintenance season. In addition to reduced demand, the marketfor spot-traded...
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