VOL. XXXVIII

NO. 24

13 MARCH 1995

Oil Prices

Aramco Hikes April Prices For US Buyers, Other Regions Mixed

With US refining margins languishing in negative territory for the fifthmonth in a row now, it may seem somewhat incongruous that Saudi Arabia wouldopt to increase crude prices by some 5-45 cents/B for April sales to that hardhit market. While Aramco's latest price moves will notgenerate any customergoodwill, a case can nonetheless be made that the increases were at least partlyjustified by...