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Kuwait raises crude oil prices by 15 cents a barrel in May

Updated : Thursday, 11 April 2019, 11:51:15 AM
Kuwait has raised the price of crude oil sold to Asia by 15 cents per barrel in May
By Editorial Staff
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KUWAITCITY(IAMINKUWAIT) : Kuwait has raised the price of crude oil sold to Asia by 15 cents per barrel in May, a source familiar with Kuwait said yesterday. The official sale price of Kuwait's crude oil for May was set at 70 cents per barrel above the average price of Oman and Dubai crude, while the official selling price of Kuwait Light crude was set at a price premium of $ 1.80 per barrel. The price increase of the Kuwaiti export crude is five cents lower than the increase in the average Saudi Arabian crude price for the same month.

Courtesy : alraimedia.com

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