VOL. XXXVI

NO. 32

10 MAY 1993

OIL PRICES

Saudi Aramco Reduces June Crude Prices To US And Europe

Saudi Aramco has reduced the pricing formulas for June deliveries to the USand Europe by $0.10-0.30/B, while pricing formulas for the Far East remainedunchanged.

For US destinations, the price of Arab Light was reduced by $0.20/B to ANSminus $1.40/B, Arab Medium and Arab Heavy were both reduced by $0.10/B to ANSminus $2.70/B and ANS minus $3.60/B respectively, while Extra Light Berri wasreduced by...