12 APRIL 1993
Saudi Aramco Reduces May Crude Prices
Saudi Aramco has reduced the pricing formulas for May deliveries of crude oilto the US by $0.20-0.30/B. For NW Europe destinations, the formulas for ArabLight and Extra Light Berri were reduced by $0.20/B and $0.25/B respectively,leaving Arab Medium and Arab Heavy unchanged from April. For Far Eastdestinations, only the formula for Extra Light Berri has been changed from Aprilby a $0.10/B reduction.