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| 10 December, 2017

Kuwait raises Jan crude OSP to Asia - industry source

Kuwait will sell crude to its Asian customers at a discount of $0.30 a barrel

Kuwait Oil Tanker Company's new oil tanker Kazimah III sits in the Ahmadi North Pier in Kuwait in this file photo.

Kuwait Oil Tanker Company's new oil tanker Kazimah III sits in the Ahmadi North Pier in Kuwait in this file photo.

REUTERS/Stephanie McGehee
DUBAI - Kuwait has raised the January official selling price (OSP) for its crudeoil sold to Asia by 20 cents per barrel from the previous month, an industry source familiar with the matter said on Sunday.

Kuwait will sell crude to its Asian customers at a discount of $0.30 a barrel to the average of the Oman/Dubai benchmark prices in January, compared with a discount of $0.50 in December. Region January Asia Oman/Dubai -$0.30 NW Europe DTD -$3.60 Mediterranean DTD -$3.10 United States ASCI -$0.70 

(Reporting by Rania El Gamal; Editing by Toby Chopra)

© Reuters News 2017