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(MENAFN – Youm7) Kuwait Petroleum Corporation (KPC) slashed official selling prices for two major crudes sold to Asia in September, a well-informed source said on Tuesday.
KPC set the price of the composition of its Kuwaiti exports at 1 dollar per barrel in September, above the average price offered for crude oil from Dubai and Oman, down 40 cents from the month previous, said the source.
He added that KPC has reduced the official selling price of Kuwaiti light crude oil for September to $ 1.60 per barrel more than the average bid price for Dubai and Oman, down 90 cents from the previous month. previous.
Kuwait's price cut came after Saudi Arabia cut its official selling prices in September in Asia earlier this month.
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