VOL. XLII
No. 23
7-June-1999
SAUDI ARABIA
Aramcos Price Cuts Fail To Match Continued Weakness In USSour Crude Market
On the face of it, Saudi Aramcos decision to cut its NorthAmerican prices for July by some 40-45 cents/B may seem somewhat generous. Butterm customers point out that the producer has been slow to respond to severalmonths of price weakness and that the reductions announced last week stillleave Saudi grades significantly more expensive than competing sour crudes.These buyers claim...
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