No 46



Kuwait Cuts December Far East Price Formula

Kuwaitç—´ KPC has reduced the price formula for Kuwait exportcrude (KEC) to Asian customers for December by 10 cents/B to Oman/Dubai minus 5cents/B. The fourth quarter price fomulas for Europe and the US remainunchanged at Arab Medium plus 22 cents/B for Europe and parity with Arab Mediumfor the US. The following table shows the crude price formulas for KEC to theFar East during 1999 and the KEC quarterly prices for...