VOL. XXXIX

No. 24

11 March 1996

OPEC/SAUDI ARABIA

Aramco's April Prices: All Regions See Downward Price Adjustments

Given the underlying strength of Europe's sour crude markets, it is clear that Saudi Aramco showed considerable restraint last week when it opted to leave the price of its main Arab Light grade unchanged at $1.20/B under North Sea Brent for April sales. Indeed, it appears that this pricing decision was only reached after some debate between those in Aramco who favored a...