No. 46

12 August 1996


Buyers Agreeably Surprised By Saudi Price Cuts for September

By and large, Saudi Aramco's customers seem to have been agreeably surprised by the tenor of the pricing of Saudi crudes for the month of September. For deliveries to the US, cuts of between 10 and 45 cents/B in the September adjustment factors vis-a-vis the WTI reference benchmark - 10 cents for Extra Light Berri, 20 cents for Arab Light, 35 cents for Arab Medium and 45 cents...