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Kuwait raises July crude OSP to Asia by 45 cents a barrel

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Kuwait raised the official selling price (OSP) for its crude sales to Asian buyers for July by 45 cents a barrel from the previous month to 15 cents a barrel below the average of Oman/Dubai quotes, a trade source said on Monday.

June 11, 2012 10:24 by



Kuwait raised the official selling price (OSP) for its crude sales to Asian buyers for July by 45 cents a barrel from the previous month to 15 cents a barrel below the average of Oman/Dubai quotes, a trade source said on Monday.

The June OSP was 60 cents below the Oman/Dubai average.

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

(Reporting by Florence Tan)



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