Kuwait raises the official selling prices for two crude grades it sells to Asia in May to record levels.
Event Location
Kuwait, Kuwait
Start Time
12 April 2022, 12:00 AM
End Time
30 April 2022, 12:00 AM
Kuwait has increased the official selling prices (OSPs) for two crude grades it sells to Asia in May to record levels. This is revealed by a price document reviewed by Reuters showed on Monday.
The producer has set May Kuwait Export Crude (KEC) price at $9.30 a barrel above the average of Oman/Dubai quotes, up $4.50 from the previous month.
It also raised the May Kuwait Super Light Crude (KSLC) OSP to $9.65 a barrel above Oman/Dubai quotes, up $3.70.
The price hike for KEC was 10 cents more than that for Saudi's Arab Medium crude in the same month.
Kuwait raises crude prices Asia Kuwait oil price 2022
