VOL. XXXVIII

NO. 15

9 JANUARY 1995

Oil Prices

Aramco Hikes February Crude Prices In Europe, US and Asian Buyers See Cuts

Given the phenomenal strength of sour crude markets worldwide, the prevalentmood among contract buyers of Saudi crudes was one of relief when Saudi Aramconotified them of its new term prices for February sales last week. Indeed,customers in Europe appeared particularly relieved that they did not have toface even steeper price rises than those actually imposed namely 10 and 20...