VOL. XXXIX

No. 7

13 November 1995

SAUDI ARABIA

Aramco Cuts Western Crude Prices For December, Far East Gets Rises

While compensatory relief was indeed in the offing last week when Saudi Aramco gave back nearly every cent it took away from US buyers in November, the downward price adjustments for December sales were dictated more by the sharp reversal in product values which occurred towards the end of October than a desire to smooth the ruffled feathers of some term buyers - no matter...