VOL. XLII

No. 29

19-July-1999

SAUDI ARABIA

Aramco Eases Cuts For Crude Buyers In Europe And Asia, Holds Firm On USSupply

Despite signs that it would extend recent cutback levelsinto August, Saudi Aramco actually doled out a few extra barrels to itscustomers in Europe and Asia last week. After telling term buyers to expectmore of the same in terms of contractual reductions for August, Aramcosurprised some customers by imposing slightly less severe cutbacks in Europeand Asia than it did in July (...