VOL. XLII

No 41

11-October-1999

SAUDI ARABIA

Cuts For US/Europe, Rises For Asia In Aramcos NovemberPricing

As crude oil prices drift downwards no doubt temporarily on the back of media reports with a bearish spin prompting speculators tounload some of their long positions on the futures market and take theresulting profits (see page A7), Saudi Aramcos term crude customers in the USand Europe have received a welcome break in the form of price reductions forNovember though Asian buyers find...