Markets

Kuwait cuts Oct crude OSP to Asia by $1.55/bbl

Published September 11, 2014 Updated September 11, 2014 07:42am

1 min

By Shoaib Ur Rehman

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SINGAPORE: Kuwait has cut the official selling price (OSP) for its crude oil sales to Asian buyers for October to $2.35 a barrel below the average of Oman/Dubai quotes, down $1.55 from the previous month, a trade source said on Thursday.

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

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