VOL. XLI

No. 33

17-August-1998

KUWAIT

Kuwait Raises September Price Formula

Kuwait's KPC has raised the price formula for Kuwait export crude (KEC) to Asiancustomers for September by 50 cents/B to Oman/Dubai minus 60 cents/B. This is in line withthe increase made by Saudi Arabia for its Arabian Medium crude to the Far East forSeptember and maintains the Arabian Medium/KEC differential at minus $0.25/B. Thefollowing table shows the crude price formulas for KEC for the April-September period 1998...