VOL. XXXVII

NO. 50

12-SEPTEMBER-1994

Oil Prices

Shifting Product Spreads Set Frame For Aramco's Heavier Grade PriceCuts

After coping all summer long with the go-it-alone tendencies of USbenchmark West Texas Intermediate (WTI), this month found Aramco marketersgrappling with a new pricing twist, one which required substantial formulaadjustments in each of Saudi Arabia's main regional markets. Indeed, with crudeprice relationships more or less back to normal in the US, shifting productdynamics -...