VOL. XXXVII

NO. 28

11 APRIL 1994

Oil Prices

Saudi Arabia's May Prices: The Moderate Increases Surprise Some US Buyers

Saudi Aramco surprised - and no doubt pleased - a number of its US termcustomers last week when company marketers elected to raise May prices for itsmedium and heavy grades by an unexpectedly modest 5-10 cents/B. Differentialsfor Arab Light and Extra Light were left unchanged from April levels. Therelatively minor adjustments come at a time when the domestic sour crude markethas...