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 |
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