NO. 18


Saudi Arabia

New Domestic Product Prices Have Immediate Demand Impact; Crude Oil PriceRemains Unchanged

MEES understands that a substantially higher charge for crude oil which wasincluded in various official pronouncements of new product prices scheduled togo into effect 1 January was never formally approved by the Ministry of Financeand National Economy and consequently will not be implemented as expected. Thenew crude oil price had been thought to apply to...