Kuwait dropped the official selling price (OSP) for one of two crude grades it sells to Asia in December from the previous month, a price document reviewed by Reuters showed on Monday.

The producer has set the December Kuwait Export Crude (KEC) price at $3.20 a barrel above the average of Oman/Dubai quotes, down 80 cents from the previous month.

It also set the December Kuwait Super Light Crude (KSLC) OSP at $6.55 a barrel above Oman/Dubai quotes, 10 cents higher than the previous month.

The price cut for KEC was on par with that for Saudi Arabia’s Arab Medium crude in the same month.
Spource: Reuters (Reporting by Muyu Xu; Writing by Florence Tan; Editing by Jacqueline Wong)