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Kuwait Raises November Crude Oil Prices To Asia

- Oct 15, 2018 -

According to a Reuters report on Singapore/Dubai on October 11, two industry sources told Reuters on Thursday that Kuwait has increased its official sales price (OSP) of crude oil sold to Asia in November by 75 cents from last month.

Kuwait will sell crude oil to Asian customers at a premium of 15 cents a barrel in November, higher than the average price of benchmark crude oil in Oman and Dubai, compared to 60 cents in October.

Regional price list: Region November Asia Oman/Dubai + $0.15, North West Europe DTD-$5.10, Mediterranean DTD-$2.80, US ASCI-$0.80.