Register for our free newsletter

 
 
Latest News

Kuwait raises October crude OSP to Asia by $0.15 a barrel

Qatar-keeps-July-crude-supply-to-Asia-steady

Kuwait raised its official selling price (OSP) for crude to Asian buyers for October by $0.15 a barrel from the previous month, a trade source said on Tuesday.

September 11, 2012 9:54 by



Kuwait raised its official selling price (OSP) for crude to Asian buyers for October by $0.15 a barrel from the previous month, a trade source said on Tuesday.

The OSP for October will be 35 cents a barrel below the average of Oman/Dubai quotes, compared with 50 cents a barrel below the average for September.

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

(Reporting by Osamu Tsukimori; Editing by Chris Gallagher)



0

Tags: , ,

Leave a Comment