VOL. XXXVI

NO. 44

2-AUGUST-1993

SAUDI ARABIA

Saudi Aramco Proposes Change In Pricing Formula For Crude Deliveries To US

Following in the wake of Kuwait (see MEES, 12 July), Saudi Arabia is nowpositioning itself to change its price formula for crude oil deliveries to theUnited States, which is currently based 100% on spot quotations for AlaskanNorth Slope (ANS) crude at the US Gulf coast. For some time now pressure for achange in the Saudi pricing formula for US deliveries has been forthcoming...