VOL. XLI
No. 28
13-July-1998
KUWAIT
Kuwait Raises August Price Formula
Kuwait's KPC has raised the price formula for Kuwait export crude (KEC) for August by 5cents/B to Oman/Dubai minus $1.10/B. KPC introduced this pricing formula for its Asiancustomers beginning with April shipments (MEES, 16 March). The following tableshows the crude price formulas for KEC for the April-August period 1998 ($/B):
1998 | |||||
Apr | May | Jun | Jul | Aug | |
KEC | -1.45 | -1.30 | -1.15 | -1.15 | -1.10 |
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