Kuwait cuts Jan crude price to Asia by $0.25/bbl source

SINGAPORE: Kuwait has set the official selling price (OSP) for its crude oil sales to Asian buyers for January at $3.75 a barrel below the average of Oman/Dubai quotes, down $0.25 from the month before, an industry source familiar with the matter said on Friday.

This narrowed the grade's discount to Saudi Arabia's Arab Medium crude by $0.05 to $0.55 a barrel in January, Reuters calculations showed. For December, Kuwait's OSP was at $3.50 per barrel below the Oman/Dubai average.

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