VOL. XL

No. 32

11 August 1997

SAUDI ARABIA

Ignoring The Iraqi Factor, Aramco Ups September Crude Prices In All Regions

Whether it be the robust refining margins seen recently in the US and Europe or therecovery staged in the Asian crude market last month, it was improving fundamentals ratherthan the spectre of returning Iraqi barrels which underpinned Aramco's September crudeprice changes. While the producer exhibited an upward bias in each of its three mainregional markets, buyers in Europe...