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 (...
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