VOL. XXXIII

NO. 27

9-APRIL-1990

Oil Prices

Iraq Cuts Price Formulas for US Deliveries

Iraq is reported to have cut its price formula to some US customers by$0.80-1.05/B for April deliveries. The April prices for deliveries to the USwere reduced to Alaskan North Slope (ANS) minus $1.90/B (as against minus$1.10/B previously) for Kirkuk crude and to ANS minus $2.40/B (as against minus$1.35/B previously) for Basrah Light. Prices are f.o.b. Ceyhan, Iraq's exportoutlet on Turkey's Mediterranean coast.