Mubasher: Kuwait has increased the official selling prices (OSPs) for three crude oil grades for June shipments to Asia, Reuters reported on Monday.
The June Kuwait Export Crude (KEC) price was set at $6 below the average Oman and Dubai benchmark crude prices, up by $1.80 month-on-month (MoM).
The producer also set the June OSP for Kuwait Super Light Crude (KSLC) at $6.50 below the average Oman and Dubai benchmark crude prices, up by $1.10 MoM.
The June OSP for Khafji crude oil was set at $6 below the average Oman and Dubai benchmark crude prices, up by $1.80 MoM.
It is worth pointing out that Kuwait's OSP increase followed a similar move by top oil exporter Saudi Arabia for most grades it sells to Asia for June.
