NO. 1

7 OCTOBER 1991

Oil Prices

Saudi Arabia Leaves Price Formulas for US and Europe Unchanged forNovember; Heavy and Extra Light Adjusted for Far East

In its crude oil pricing for November, Saudi Aramco has left the formulasunchanged for deliveries to the US and Europe, while making adjustments for theFar East on Arabian Heavy (down 30 cents/B) and Extra Light Berri (up 20cents/B).

The formulas for November in respect of the four Aramco partners - Exxon,Mobil, Texaco and Chevron - for...