VOL. XLII

No 45

8-November-1999

SAUDI ARABIA

Saudi Aramcos December Pricing Meets General AcceptanceFrom Buyers

While global crude oil markets have been striking a volatileand anomalous note with Brent recently marching at close to parity with WTIin such a way as to keep the arbitrage door firmly shut against transatlanticsupplies of North Sea and West African crudes to the US Saudi Aramcos fixingof term contract price formulas for December has gone comparatively smoothlywithout much, if any,...