VOL. XXXVII
NO. 41
11-JULY-1994
Saudi Arabia
Asian Buyers Feel Pinch As Heavy Grade Cutbacks Shift From West To East
Evidence is mounting that Saudi Arabia's year-long drive to halve medium andheavy grade production to an estimated 1.7mn b/d by 1995 has shifted - for thetime being at least - from West to East. Recently concluded term contract negotiations in markets such as Japan and Korea make itunlikely that Asian buyerswill be able to stave off for much longer the painful heavier grade...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!