TOKYO: Kuwait has set its official selling price (OSP) for crude sold to Asian buyers for May at $0.05 a barrel above the average of Oman/Dubai quotes, up $1.20 from the previous month, a trade source said on Thursday.
The April OSP was set at $1.15 a barrel below the average of Oman/Dubai quotes.
Kuwait's crude price formula is loosely linked to that of Saudi Arabia's Arab Medium grade. (Reuters)
