VOL.XXXIX
No.2
9October 1995
SAUDI ARABIA
Aramco Decides On Big Boost For US Prices InNovember
Not surprisingly,Saudi Aramco'ssteep hikesin crude
prices for November sales to USdestinations -30cents/B on Arab Light,40cents/B on Arab Medium, and 50cents/B
on Arab Heavy - have been met withcries of pain fromaffrontedcustomers. SomeUS buyers have beencomplaining
that their refining margins on sourSaudi crudes havenow been driven into the red.
The truth ofthe matter seems to be that,in the Saudi
price...
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