VOL. XLI

No. 19

11-May-1998

KUWAIT

Kuwait Increases June Price Formula

Kuwait's KPC has raised the June price formula for Kuwait export crude (KEC) for itsAsian customers by 15 cents/B to Oman/Dubai minus $1.15/B. KPC introduced this pricingformula for its Asian customers beginning with April shipments (MEES, 16 March).The following table shows the crude price formulas in relation to Oman/Dubai for KEC forApril, May and June 1998 ($/B):

1998

Apr

May

Jun

KEC

-1.45

-1.30

-1.15