888CHEM
Kuwait cuts July crude oil selling price; Asian crude premium plunges by $7.5 month-on-month
In the Asian market, the premium to Kuwait Export Crude in July was $5.25 per barrel over the regional benchmark price, a sharp decline from the $12.75 per barrel premium in June; Kuwait Super Light Crude has maintained consistent pricing with Kuwait Export Crude to the third consecutive month.
Regarding the split pricing to the European region: the premium to Kuwait Export Crude supplied to Northwest Europe and the Mediterranean markets was $0.40 per barrel in July, compared to a high premium of $8.40 per barrel in June, marking a significant reduction.
Export crude oil destined to the U.S. market saw a simultaneous price cut, with a July premium of $11.40 per barrel, a decrease of $2.00 per barrel compared to June's $13.40 per barrel.
Get a Free Quote
Request a Quote
