VOL. XLI

No. 32

10-August-1998

SAUDI ARABIA

Saudi Aramco's September Crude Prices Draw Mixed Reactions From Buyers

Saudi Aramco's term crude price formulas for September - encompassing sharp increaseson deliveries to Europe (60-75 cents/B) and the Far East (40-60 cents/B), while leavingprices to the US largely unchanged - have met with mixed reaction from the buyers. Whereascustomers in the US and Europe appear to have accepted Saudi Aramco September pricingdecisions by and large with...