OIL PRICE DEVELOPMENTS
Iran and Kuwait Ask Japanese Customers for Higher Prices for lQ 1989
Both Iran and Kuwait have proposed increases in their price formulas forcrude sales to Japanese customers for the first quarter of next year. However,negotiations are still in progress and nothing has yet been finalized regardingfirst-quarter prices or volumes.
As regards Iran, a visiting NIOC sales delegation in Tokyo last week proposedan increase of 20 cents/B in the...