Kuwait raises Nov crude OSP to Asia by 20 cts/bbl

Kuwait raises Nov crude OSP to Asia by 20 cts/bbl

Kuwait set its OSP at $2.30 per barrel.

October 12, 2010 8:51 by Reuters

Kuwait has raised the official selling price (OSP) for its crude oil sales to Asian buyers for November by 20 cents to $2.10 a barrel below the average of Oman/Dubai quotes, traders said on Tuesday.

That is within the range of expectations in a Reuters survey.

Kuwait set its OSP at $2.30 per barrel below the Oman/Dubai average for October loading. For more OSPs see .

Kuwait’s crude price formula is loosely linked to that of Saudi Arabia’s Arab Medium grade.

(Reporting by Osamu Tsukimori; Editing by Joseph Radford)

Tags: kuwait crude oil sales, Kuwait crude OSP, kuwait oil asian buyers, Kuwait raises Nov crude OSP, Nov crude OSP

Previous Article GCC Next Article

Five new firms set to join UAE takaful market
October 12, 2010 | GCC

Mideast mkts seen sideways ahead of earnings
October 12, 2010

More on GCC

All GCC

Poll

Analysis

Rss More From Analysis

Over 90% of passwords vulnerable to hacking

Passwords in the Middle East - even ones deemed to be "strong" - are actually susceptible to infiltration.

May 23, 2013 8:51

'Renewable energy absolutely necessary' - Saudi

Oil saving win-win drives Saudi solar power boom...

May 23, 2013 4:56

Real cost of sending your child to a Dubai school

Ambareen Musa, founder of Souqalmal.com, reminds parents of the hidden and additional costs of education.

May 23, 2013 1:19

Kipp's Blog

Rss More Blog Posts

Gold iPad at Burj Al Arab

Device to be a “virtual concierge” for luxury hotel's guests.

May 22, 2013 12:04

Minimum wage 'unfair' for employers?

FNC member argues that minimum wage for domestic workers and maids is 'taking advantage' of employers.

May 20, 2013 4:24

Saudi government websites targeted