VOL. XXXIX

No. 37

10 June 1996

SAUDI ARABIA

Aramco Drops Crude Prices In Asia And Europe For July, US Quotes Rise

After months of near constant pricing, Saudi Aramco finally shifted gears in Asia last week when it moved to compensate Far Eastern buyers of its heavier Arab Medium and Heavy crude grades for the recent slide in regional fuel oil prices. High-sulfur fuel oil quotes in the key Singapore product market fell well over $4/B month-on-month, necessitating a relatively large...