No. 18



More Cutbacks On Gulf Crude Supplies

In addition to those already disclosed (MEES, 29March, and 5, 12 and 19 April), more cutbacks in export supplies of Gulf crudeshave been announced over the past week, namely:

Kuwait痴 KPC has informed all its crude oil export customersof an extra 4.56% supply cut as from May over and above the reduction of 7.25%applicable to April cargoes. This brings the total percentage reduction in Maycrude export supplies to 11.81% below...