Kuwait Petroleum Corp. lowered its January official selling prices for crude bound for the United States and Europe, while raising prices of barrels heading to Asia.
KPC decreased its Kuwait Export Crude delivered to USGC by 30 cents/b to a $1.40/b premium to the Argus Sour Crude Index, or ASCI. The FOB KEC to the US also was lowered by 30 cents/b to ASCI plus 10 cents/b.
For KEC barrels bound for Northwest Europe in January, KPC lowered values by 50 cents/b to Dated Brent minus $1.35/b.
The OSP differential for January loadings headed to the Mediterranean decreased by 30 cents/b to minus 40 cents against the same benchmark. The OSP differential for FOB Sidi Keri decreased 25 cents/b to Dated Brent plus 30 cents.
For Asia-bound barrels of KEC, KPC increased values by 65 cent/b to plus 25 cents/b against the average of Oman and Dubai crude assessments for December.
The differential for its Kuwait Super Light crude to Asia also increased, from minus 70 cents/b in December, to plus 10 cents/b in January.
KPC also increased its OSP differential for its Khafji crude by 40 cents/b to a 10 cents/b premium to Oman/Dubai.
For more information visit www.kpc.com.kw