Kuwait has set the official selling price for its November export crude grades, according to pricing documents seen by media.
For Asian destinations, the FOB price for Kuwait Export Crude is set at a discount of $6.75 per barrel to the Oman-Dubai benchmark, compared with a discount of $2.75 per barrel in October.
For Eastbound destinations: Khafji crude is at a discount of $7.35 per barrel to the Oman-Dubai benchmark, versus a discount of $3.35 per barrel in October. Hout crude is at a discount of $5.53 per barrel, compared with a discount of $1.47 per barrel in October. Kuwait Super Light crude is at a discount of $6.75 per barrel, versus a discount of $2.75 per barrel in October.
For Northwest Europe and the Mediterranean: Kuwait Export Crude is at a discount of $5.55 per barrel to Dated Brent, compared with a discount of $7.05 per barrel in October. At FOB Sidi Kerir, Kuwait Export Crude is at a discount of $5.35 per barrel to Dated Brent, versus a discount of $6.85 per barrel in October.
For U.S. destinations: Kuwait Export Crude is at a premium of $3.40 per barrel to the Argus Sour Crude Index (ASCI), unchanged from October. For Kuwait Export Crude delivered on a delivered basis to the U.S. Gulf Coast (USGC), the premium is $4.70 per barrel to ASCI, also unchanged.