VOL. XXXIX

No. 33

13 May 1996

SAUDI ARABIA

Aramco's US Crude Buyers See Steep June Cuts, Little Change Elsewhere

Gyrations in the market for benchmark West Texas Intermediate (WTI) have once again necessitated formula adjustments for term purchasers of Saudi crudes in the United States. This time, however, the pricing moves for June sales were all downward, as Saudi Aramco struggled to compensate buyers for WTI's headlong rush up the pricing scale last month. Refiners in the landlocked...