Kuwait cuts April crude OSP to Asia by $0.75/bbl
Monday, 11 March 2013
TOKYO: Kuwait has set its official selling price (OSP) for crude sold to Asian buyers for April at $1.15 a barrel below the average of Oman/Dubai quotes, down $0.75 from the previous month, a trade source said on Monday.
The March OSP was set at 40 cents a barrel below the average of Oman/Dubai quotes.
Kuwait's crude price formula is loosely linked to that of Saudi Arabia's Arab Medium grade. (Reuters)