VOL. XLIII
No. 14
3-April-2000
KUWAIT
Kuwait Follows Saudi Lead In Adopting Brent Weighted Average Benchmark For European Crude Sales
Kuwait Petroleum Corporation (KPC) has decided to follow the lead of Saudi Aramco in using the Brent Weighted Average (BWAVE) benchmark, published by Londons International Petroleum Exchange (IPE), instead of the dated Brent benchmark for setting its official crude oil prices for deliveries to western European customers.
MEES understands that this move was widely...
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