VOL. XXXIX

No. 28

8 April 1996

OPEC

Moderate Downward Adjustments Typify Saudi Crude Price Changes For May

After months of winter strength Europe's sour crude markets have finally yielded to spring and the season's improving supply profile. Prices for Russia's sour Urals grade have reversed course over the last month or so as winter loading conditions at key lifting terminals have eased, dropping to a discount of around 45 cents/B under North Sea Brent in Northwest Europe from...