VOL. XXXVII

NO. 32

9 MAY 1994

Oil Prices

Saudi Arabia Hikes June Crude Prices Virtually Across-The-Board

While the extent of the price increases vary across regional and qualitylines, customers in each of Saudi Aramco's three main markets will seedifferentials relative to benchmark grades rise virtually across-the-board nextmonth. With increases of 5 and 10 cents/B for Arab Medium and Heavy,respectively, European buyers were treated to far more moderate price hikes thantheir Asian and US...