VOL. XLI
No. 45
9-November-1998
SAUDI ARABIA
Saudi Price Cuts For US Reflect Weaker Market For Sour Crudes
Saudi Aramcos relatively deep price cuts on US-destined termcrude sales for December as opposed to more modest reductions for Asia andincreases on heavier grades for Europe reflects a significant weakening of sourcrude values in that market. For December the decreases in the Saudi price formulas forthe US have been set at 20 cents/B on Arab Extra Light, 25 cents/B on Arab Light, 35cents/B...
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