VOL. XLI

No. 36

7-September-1998

SAUDI ARABIA

Saudi Aramco's October Crude Prices Hold Few Surprises For Term Buyers

The release last week of Saudi Aramco's term prices for October elicited little in theway of surprise, with most customers appearing to have anticipated both the magnitude andthe direction of the adjustments. "Forecasting what the Saudis are going to do everymonth can be as reliable as predicting the weather. But this time there were no surprisesin any of the major regional...