Kuwait to Notify New Official Prices

Kuwait is expected to notify customers of its own official crude prices on 20 or 21 January, MEES understands. This follows the return to Kuwait last week of the Oil Minister, Shaikh 'Ali Khalifah al-Sabah, and the requisite endorsement of the new price by the Kuwaiti cabinet, which is expected to be forthcoming at its weekly meeting on 20 January.

In line with OPEC's December decision, the official price of 31° API Kuwait crude...