NO. 51


Oil Prices

Iran and Kuwait Raise Medium/Heavy Crude by 20 Prices Cents/B for 4Q

Following Saudi Aramco's decision to raise the formula price of Arab Mediumcrude for Far East delivery by 20 cents/B to Oman/Dubai minus $0.95/B forOctober, both Iran and Kuwait have also raised their prices for medium/heavycrude by 20 cents/B for the fourth quarter. It is now the regular practice inboth countries for the prices of Iranian Heavy and Kuwait Export crudes to beadjusted...