Kuwait Cuts October Crude OSPs for Asia

Kuwait has cut the official selling prices (OSPs) for crude grades sold to Asian refiners in October, a pricing document showed on Thursday. The OPEC producer set the October Kuwait Export Crude (KEC) price at 50 cents per barrel below the average of DME Oman and Platts Dubai quotes, down US$1.20 from the previous month.

It set the October Kuwait Super Light Crude (KSLC) OSP at 70 cents a barrel below Oman/Dubai, down US$1.40 cents from the previous month. It set the October OSP for Khafji crude at 30 cents a barrel below Oman/Dubai, down 90 cents from the previous month.