A pricing document reviewed by Reuters on Wednesday revealed that Kuwait has raised the official selling price of its crude oil exports to Asia in May by 25 cents from the previous month to a premium of $2.40 per barrel over the Oman/Dubai average. Kuwait set the official selling price for very light Kuwaiti crude in May at $2.50 per barrel over Oman/Dubai, which is ten cents lower than the previous month.
Kuwait Raises Export Crude Oil Price for Asian Buyers
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