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Kuwait cuts the formal offering price tag of its crude oil to Asia in October, according to Reuters



SINGAPORE (Reuters) – Kuwait lowered October formal revenue costs for two crude oils offered in Asia from the preceding month, Reuters described Friday. Kuwait set the rate of Kuwaiti export crude oil at 3.80 for every barrel in October, above the regular selling prices available by Oman crude oil on the DME and Dubai crude oil on Platts, compared to $ 7.80 for every barrel in September. It also lessened the official sale cost of Kuwait Super Light-weight Crude in October from $ 4.60 to $ 6.45 per barrel, previously mentioned the Oman / Dubai value.

(Prepared by Mustafa Saleh for the Arabic Bulletin)

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