Issue 49
Oil News
- Without Consumer Government Action On Stocks Oil Market Will Face Tight Fourth Quarter
- Saudi Arabia Widens Light/Heavy Differential by 70 Cents to $2.50/B
- Abu Dhabi and Oman Raise Assessment Prices for August by $10.55-10.25/B
- Qatar Raises August Price Formula by 25 Cents/B
- Egypt Raises Oil Prices by $3.50/B Effective 5 September
- Qatar Raises August Price Formula by 25 Cents/B
- Syria Raises Prices of September Light and Heavy Crudes
- Yemen Proposes New Price Formula for 4Q
- Dramatic Reduction in Latest IEA Demand Forecast
- OPEC Crude Production Fell to 19.57mn b/d in August
- King Fahd Pledges Stable Oil Situation
- Ginandjar Warns of $40/B Oil if IEA Does Not Draw on Stocks
- Subroto Urges Oil Consuming Countries to Draw Down Their Inventory
- Iran Hopes $25/B Minimum Price Remains after Gulf Crisis
- USSR Sees Oil Prices above $25/B during Gulf Crisis
- Venezuela Calls on US Firms to Invest in Downstream Expansion
- Iraq Protests to the UN Seizure of Merchant Ship by the US Navy
- ILU Reduces Cargo Insurance Rates for Gulf and Red Sea
- Iran's Crude Production Hits Nearly 3.2mn b/d in August
- Japanese Customers to Raise Term Contract Volumes by 150,000-160,000 b/d1
- JGC Corporation Wins Contract to Upgrade Yanbu' Refinery
- SABIC's 1990 First Half Profits Slump
- CGES Conference Shifts Theme to Gulf Crisis
Financial & Banking News
- President Bush Supports Forgiveness of Egypt's Military Debt
- Jordan Looks into the Abyss
- Saudis Promise Substantial Contributions Towards Costs of US Deployment
- OAPEC Report Shows Economic Improvement in Member States During 1989
- Rafsanjani Gives Details of Falls in Iranian Deficit and Inflation
- Abu Dhabi Looks for Budget Cuts
- Saudi Cairo Bank Expected to Issue 1989 Results Soon