VOL. XXXIX

No. 63

9-December-1996

SAUDI ARABIA

No Change In Aramco's European Formulas Despite Tight Sour Crude Markets

Saudi Aramco's term customers in Northwest Europe certainly had no cause for complaint last week when their supplier opted to maintain its January prices unchanged versus December. While the producer did move to hike charges for liftings from Sidi Kerir, the Mediterranean terminus of the Sumed pipeline, by some 5-10 cents/B during January, direct purchasers somewhat...