VOL. XL

No. 41

13 October 1997

SAUDI ARABIA

Aramco Raises Crude Prices For Exports To Europe And US In November, Asia LargelySteady

Strong demand for sour crudes on both sides of the Atlantic will mean higher prices forSaudi term lifters in Europe and the United States next month. In Europe, where SaudiAramco increased its prices some 10-15 cents/B for November, the strength of the sourcrude market has taken virtually everyone by surprise. Regional spot prices have remainedremarkably firm...