VOL. XXXVII

NO. 38

20-JUNE-1994

Kuwait

Kuwait Extends 2Q Price Terms Through 3Q

Kuwait has extended second quarter price terms for Kuwait export crudethrough the third quarter for buyers in all three regional markets. With regardto Japanese term buyers, the existing price formula of 10 cents/B below ArabianMedium has been extended through the third quarter. As far as Europe isconcerned, 3Q price terms vary according to contract size and delivery terms,but large customers will continue to pay on...