VOL. XLII

No. 32

9-August-1999

SAUDI ARABIA

Saudi Aramco Hikes Crude Prices In All Major Markets ForSeptember

Saudi Aramco may have increased its crude prices in theUnited States by a relatively steep 30-50 cents/B for September, but the movewas not entirely unexpected and term buyers in the region appear to haveaccepted the rise with equanimity. The US Gulf Coast market has seen a strongimprovement in sour crude prices in the past several weeks, with differentialsversus regional benchmark West...