VOL. XXXVIII

NO. 6

7 NOVEMBER 1994

Aramco Shows Price Restraint In December Pricing For US Market, Less SoElsewhere

After handing out a series of painful price increases to buyers in the UnitedStates last month for November sales, Saudi Aramco opted for a moderate paththis month, deciding instead to keep Arab Heavy and Medium prices unchanged forDecember deliveries while lowering those for its lighter grades by some 10-15cents/B. Although Aramco's December price restraint was probably motivated...