18 JANUARY 1993


Iran and Kuwait Lower Medium/Heavy Crude Prices for February

Following Saudi Aramco's decision to lower the formula price of Arab Mediumcrude for Far East delivery by 15 cents/B to Oman/Dubai minus $1.30/B forFebruary, both Iran and Kuwait have also lowered their prices for medium/heavycrudes by 15-15.5 cents/B for February. It is now the regular practice in bothcountries for the prices of Iranian Heavy and Kuwait Export crudes to beadjusted in line with...