VOL. XL
No. 19
12 May 1997
SAUDI ARABIA
European Crude Buyers Get Saudi Price HikesFor June
Saudi Aramco responded to improved sour crude fundamentals in Europe last weekwith price rises of some 15-20 cents/B for term sales in June. The formula changes represent thefirst time in months that Aramco has imposed price increases on its European customers andhelps to stem a recent trend which saw discounts relative to Dated Brent widen to their lowestlevels in over three years during May (MEES, 7...
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