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SINGAPORE: Kuwait dropped the official selling price for one of two crude grades it sells to Asia in December from the previous month, a price document reviewed by Reuters showed on Monday.
The producer has set the December Kuwait Export Crude price at $3.20 a barrel above the average of Oman/Dubai quotes, down 80 cents from the previous month.
It also set the December Kuwait Super Light Crude OSP at $6.55 a barrel above Oman/Dubai quotes, 10 cents higher than the previous month.
The price cut for KEC was on par with that for Saudi Arabia’s Arab Medium crude in the same month.