VOL. XXXVIII

NO. 45

7 AUGUST 1995

Oil Prices

Aramco's September Price Moves Reflect Regional Fine-Tuning

Fine-tuning was the watchword last week as Saudi Arabia adjusted itsSeptember term crude prices both up and down depending on grade and destinationto reflect regional shifts in refined product values and sweet-sour crudespreads. While some observers may have found Aramco's European pricing movessomewhat surprising given continuing weak sour crude conditions in theMediterranean, the fact that...