Kuwait sets July crude OSP to Asia at Oman/Dubai minus $0.10/bbl

11 Jun, 2014

SINGAPORE: Kuwait set the official selling price (OSP) for its crude oil sales to Asian buyers for July at $0.10 a barrel below the average of Oman/Dubai quotes, up 90 cents from the month before, a source familiar with the matter said on Wednesday.

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

Copyright Reuters, 2014

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