VOL.XXXVI
NO.49
6-SEPTEMBER-1993
SAUDI ARABIA
Introduction Of New Saudi Price Formula ForUSDeliveriesNow Not Expected Before December
MEES understands that Saudi Aramco will not be implementing
itsplan for a new price formula for crude sales to the US with effect from October as had earlier been mooted(MEES,
16 August).October pricesfor Saudi crude supplies to theUS,due to be announced shortly,willbebasedonthe AlaskaNorthSlope(ANS) crude priceyardstick as usual.
However, it is expected that the...
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