VOL. XLI

No. 49

7-December-1998

SAUDI ARABIA

Aramco Lowers Asian Crude Formulas As Arbitrage Cargoes Move Into TheRegion

With its exports under threat from the large volume of West African andother Brent-linked crude which is now moving into Asia, Saudi Aramco moved to shore updemand in that region last week by dropping prices across the board for January. Thelargest reductions were reserved for the producers lighter grades. The market forthese and other Gulf crudes priced off Dubai has been...