Vol. XL

No. 1

6 January 1997

SAUDI ARABIA

Cuts For US With Little Change For Others In SaudiFebruary Price Formulas

The New Year has brought little in the way of surprisesas regards Saudi Aramco's crude oil price formulas for February. The only significantchanges were those affecting deliveries to the US market where February price formulas forthe various Saudi crudes are to be reduced by 15 cents/B for Extra Light, 25 cents/B forLight, 30 cents/B for Medium and 40 cents/B for Heavy. Elsewhere -...