No. 11



Kuwait Reduces April Far East Price Formula

Kuwait痴 KPC has reduced the price formula for Kuwait exportcrude (KEC) to Asian customers for April by 15 cents/B to Oman/Dubai minus 75cents/B, moving in line with Saudi Arabia痴 crude price cut for Arabian Mediumfor April for the Far East (MEES, 8 February). The following table showsthe crude price formulas for KEC to the Far East for the first four months of1999 and the KEC prices to Europe and the US for first...