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SINGAPORE: Kuwait dropped the official selling price (OSP) for two crude grades it sells to Asia in January from the previous month, a price document reviewed by Reuters showed on Friday.

The producer has set the December Kuwait Export Crude (KEC) price at $2.10 a barrel above the average of Oman/Dubai quotes, down $1.10 from the previous month.

What happened to the 2022 global oil rally?

It also cut the January Kuwait Super Light Crude (KSLC) OSP to $6.50 a barrel above Oman/Dubai quotes, 5 cents lower from the previous month.

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