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|08 November, 2018

Kuwait raises Dec crude official selling price for Asia-source

Kuwait will sell crude to its Asian customers at a premium of 30 cents a barrel

Oil is collected at a production facility at the Burgan oil field January 13, 2003 in Central Kuwait. Image used for illustrative purposes.

Oil is collected at a production facility at the Burgan oil field January 13, 2003 in Central Kuwait. Image used for illustrative purposes.

Getty Images/Scott Nelson

DUBAI- Kuwait has raised the December official selling price (OSP) for crude oil sold to Asia by 15 cents a barrel from the previous month, a source familiar with the matter told Reuters on Thursday.

Kuwait will sell crude to its Asian customers at a premium of 30 cents a barrel to the average of Oman and Dubai benchmark prices in December, compared with a premium of 15 cents in November.

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(Reporting by Rania El Gamal, writing by Alex Lawler, editing by Jason Neely) ((alex.lawler@thomsonreuters.com; +44 207 542 4087; Reuters Messaging: alex.lawler.reuters.com@reuters.net))