VOL. XXXVII

NO. 41

11-JULY-1994

Oil Prices

Saudi Aramco Considers, Then Rejects, Formula Adjustments For US Buyers

While Saudi Aramco delivered on its promise to compensate US buyers for theprice gap between benchmark grade WTI and imported competitors should theindependent-minded marker continue its relentless path upward through June (MEES,13 June), last week's price cuts failed to elicit much enthusiasm fromdomestic purchasers. No doubt Aramco's relatively large 35-45 cents/Bincremental...