Issue No. 23

9 June 1997


Saudi Aramco Responds Variably To Mixed Marker Signals In July Pricing

Overall oil market signals in the US during May and the first few days of June have been rather confused though generally bearish in tone: continued robust demand counterbalanced by ample crude and product supply with prices turning significantly downwards towards the end of the period, accompanied by high levels of crude and product imports; an unexpectedly large stockbuild of...