3Q Price Formulas and Crude Volume Rolled Over by Japanese Customers
Both the Kuwait Petroleum Corporation (KPC) and the National Iranian OilCorporation (NIOC) have agreed with their Japanese customers to roll over secondquarter price formulas for the third quarter, with volumes also remainingapproximately the same as in the second quarter.
The 3Q price formula for loadings f.o.b. Kuwait will remain at Oman/Dubaispot average minus 50 cents/B. MEES soundings...