VOL. XLII

No. 24

14-June-1999

KUWAIT

Kuwait Lowers July Far East Price Formula

Kuwait痴 KPC has reduced the price formula for Kuwait exportcrude (KEC) to Asian customers for July by 10 cents/B to Oman/Dubai minus 70cents/B. The following table shows the crude price formulas for KEC to the FarEast for the first seven months of 1999 and the KEC quarterly prices for Europeand the US for 1Q and 2Q 1999 ($/B):

1999

Jan

Feb

Mar

Apr

May

Jun

Jul

KEC Far East (31コ)

Oman/Dubai

...