TOKYO: Kuwait set the official selling price (OSP) for its crude oil sales to Asian buyers for August at parity to the average of Oman and Dubai quotes, up 25 cents from the month before, a trader said on Thursday.
Kuwait set its OSP at 25 cents per barrel below the Oman/Dubai average for July loading.
Kuwait's crude price formula is loosely linked to that of Saudi Arabia's Arab Medium grade. (Reuters)
