VOL. XLI

No. 51

21-December-1998

SAUDI ARABIA

Saudi Volume Cuts To Term Buyers Little Changed for January

Saudi Aramcos monthly volume cuts below base contract levels forterm crude oil customers appear to have been little changed for January but, ifanything, averaging a bit higher than the previous month. According to MEESsoundings, large FOB customers mainly major internationals with flexibledestination clauses saw their January allocations reduced by between 10 and 15%below base contract...