VOL. XXXIX

No. 20

12 February 1996

OPEC

Stable Product Spreads Limit Saudi Crude Price Changes For March

Despite a month of extreme price volatility which saw quotes for kerosene plummet from nearly $34/B in early January to under $28/B by the end of the month, the bearish sentiment which infected the Singapore product market last month seemed to concentrate its energies on that one commodity, leaving gas oil and other refined products comparatively unscathed. Gas oil prices fell just...