VOL. XL
No. 6
10-February-1997
SAUDI ARABIA
Saudi Crude Prices Show Mainly Downward Trend For March
Sharply deteriorating conditions in the US sour crude market provoked a decisive response from Saudi Aramco last week when it moved to drop its term prices for March sales to its North American customers by 10-55 cents/B. Prices for sour grade alternatives such as West Texas Sour, the new Gulf of Mexico Mars Blend, Venezuela's Furrial, and Ecuadorian Oriente have come under heavy selling...
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