VOL. XLII

No 50

13-December-1999

SAUDI ARABIA

Tight Crude Market Drives Saudi Aramcos Price Hikes ForJanuary

Saudi Aramcos substantial hikes to its crude oil priceformulas for January loadings on all its grades (except for Arab Heavy) haveevidently been driven not just by the particular relative circumstances of eachof the major markets the US, Europe and Asia but also by the overalltightness of the crude market which has intensified over the past few weeks,bringing the Nymex WTI price once...