NO. 2

12 OCTOBER 1992


Saudi Price Formulas for November

Saudi Arabia is leaving its November crude oil prices for Europe unchanged,but has lowered the price of its light grades to the Far East and its heavygrades to the US. Regarding Far East price formulas for November, the price ofArabian Light is lowered by 15 cents/B and Extra Light is lowered by 20 cents/B.Arabian Medium and Arabian Heavy to Far East destinations remain unchanged. Forshipments to the US, Arabian Light...