VOL. XXXVIII

NO. 32

8 MAY 1995

Oil/LPG Prices

Aramco Cuts Western Crude Prices For June, Far East Charges More Mixed

Western buyers rarely if ever greet Saudi Aramco's monthly crude pricenotifications with the kind of near-unanimous approval and appreciation whichmarked receipt last week of Dhahran's June price telex. While there was nomistaking the relief many buyers felt when they received confirmation that SaudiArabia clearly had no intention of capitalizing on the market unease whichfollowed...