VOL. XXXVII
NO. 32
9 MAY 1994
Saudi Arabia
Most Of Aramco's Heavier Crude Cutbacks May Have Already Been Absorbed
While some term contract buyers have yet to feel the full impact of SaudiArabia's new light crude production and sales strategy, evidence is mountingthat heavy crude markets - and Atlantic Basin markets in particular - may havealready absorbed the bulk of Saudi Aramco's planned medium and heavy gradeproduction cutbacks. While it is difficult to get a precise fix in volume termsof the...
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