VOL. XXXV

NO. 24

16-MARCH-1992

Kuwait

Kuwait Raises 2Q Price Formula by 15 Cents/B

Kuwait has notified its Far Eastern term crude customers of a 15-cent/Bincrease in its pricing formula for the second quarter, MEES learns. Kuwait's 2Qpricing formula will be Oman/Dubai minus $1.20/B compared with minus $1.35/B in1Q.

Kuwait's 2Q formula is in line with similar increases of 15 cents/B in theprices of Arab Medium and Iranian Heavy crudes, which are comparable in qualityto Kuwait Export.

Kuwait currently...