VOL. XXXVI
NO. 41
12-JULY-1993
OIL PRICES
Kuwait Alters Basis For Pricing Formula For Crude Deliveries To US
Kuwait's KPC has made a significant change in the composition of thebaselines for its pricing formula for deliveries of Kuwaiti crude oil to USdestinations. Instead of relying 100% on Alaskan North Slope (ANS) crude as thebenchmark for its US price formula (as both Saudi Arabia and Kuwait havehitherto been doing), as from the third quarter - initially on a trial basis -KPC will be basing...
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