VOL. XLII

No. 28

12-July-1999

SAUDI ARABIA

AramcosAugust Crude Prices In Line With Market Expectations

Saudi Aramcos August crudeprices, which were announced early last week, appeared to be roughly in linewith market expectations. In Europe, where the producer raised the price ofArab Light, Medium and Heavy by some 10 cents/B, regional competitors such asRussias Urals crude have been on a firming trend in recent weeks. The Russiangrade was trading at a relatively steep 65 cents/B under Dated...