Kuwait raises May crude prices for Asia, pricing document shows

Kuwait raised the official selling price for Kuwait Export Crude to Asia in May to $17 a barrel above the average of Oman/Dubai quotes. The move indicates firmer pricing for Middle East crude grades, but the article is a routine pricing update rather than a major market catalyst.

Analysis

Kuwait raised the official selling price for Kuwait Export Crude to Asia in May to $17 a barrel above the average of Oman/Dubai quotes. The move indicates firmer pricing for Middle East crude grades, but the article is a routine pricing update rather than a major market catalyst.