Kuwait cuts April crude OSP for Asia by 30 cents

March 11, 2014 - 9:04:34 am

KUWAIT: Kuwait set the official selling price (OSP) for its crude oil sales to Asian buyers for April at 90 cents below the average of Oman/Dubai quotes, down 30 cents from the month before, traders said on Tuesday.

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