By Elias Al Helou
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Kuwait sets August crude prices for Asia

Above the average of DME Oman
Kuwait sets August crude prices for Asia
A worker walks at an oil facility

Kuwait raised the August official selling prices for its crude grades from the previous month, a price document showed on Friday.

The producer has set the August Kuwait Export Crude (KEC) price at $7.15 a barrel above the average of DME Oman and Platts Dubai quotes, compared with $6.15 a barrel for July.

It also increased the August Kuwait Super Light Crude (KSLC) OSP by $3.50 to $10.75 a barrel above Oman/Dubai quotes. 

Last month, Kuwait raised the July official selling prices for its crude grades from the previous month. However, prices remained below the record levels set in May.

The country set the July KEC price at $6.15 a barrel above the average of DME Oman and Platts Dubai quotes, compared with $4.35 a barrel for June.

It also increased the July KSLC OSP by $2.55 to $7.25 a barrel above Oman/Dubai quotes

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