Issue 52
Oil News
- Signs of Change in Consumer Government Attitudes on Stocks
- Price Levels Will Depend on Stock Management, Says Yamani
- US Initiates Test Sale of 5mn Barrels of SPR Crude
- Soviet Oil Production Declines 600,000 b/d during January- August 1990
- Libya Raises 4Q Price Formula; Production at 1.4-1.5mn b/
- Egypt Raises Oil Prices by $5.00/B
- Algeria Asking for Brent Plus $2/B for October
- Qatar Maintains September Price Formula Unchanged
- Iraq Threatens to Destroy Oilfields and Israel if Sanctions Strangle Economy
- US Navy Fires Warning Shots at Fourth Iraqi Tanker
- Jordan Confirms Suspension of Saudi Crude Oil Supplies
- New Gas Strike in Risha Area
- Tamoil's Collombey Refinery Resumes Operations
- Sonatrach Nears Long-Term LNG Agreement for US
- Vela Sets Deadline for Bids for Saudi Tanker Deal
- Iran Awaiting German Response for Reconstruction of Bushehr Nuclear Plant
- Iran Sells 1mn Tons of Crude Oil to Bulgaria in 1991
- UAE Marketing Companies Suffer from High-Cost Products
- IPL Farms Out Stakes in Ras al-Khaimah Concession
- KPI Plans to Launch Sales of Lubricants in the UK in October
- PDVSA Appoints New General Manager for London Office
- Netback Values
Financial & Banking News
- World Bank and IMF Meetings Consider Ways to Offset Effects of Gulf Crisis
- Plan for Oil Buffer Stock Receives Cool Reception
- Shaikh `Ali Reassures Markets on Kuwait Investment Policies
- Gulf International Bank to Have Presence in Oman and Abu Dhabi
- US Pays $200mn to Settle Iranian Military Claim