VOL. XXXVIIINO. 1112 DECEMBER 1994

Oil Prices

Saudi Crude Prices: A Bumpy 1994, But Maybe Less Volatility In 1995

If the unusually muted response to Saudi Aramco's decision to usher in thenew year with hefty 30-75 cents/B price rises for January sales of its fourstandard crude grades is any criterion, it would appear that North Americancontract customers have finally resigned themselves to the large monthly swingsin formula prices which have been a characteristic feature of 1994. In thetwelve...