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Kuwait has raised the October official selling price (OSP) for its crude oil sold to Asia by 35 cents per barrel from the previous month, an industry source familiar with the matter said yesterday.
Kuwait will sell crude to its Asian customers at a discount of $1.05 a barrel to the average of the Oman/Dubai benchmark prices in October, compared with a discount of $1.40 in September.
Oil prices edged up on Tuesday, lifted by geopolitical tensions, although rising output in the United States and shaky stock markets put a lid on further gains. US West Texas Intermediate (WTI) crude
Oman Daily Observer
Oil slipped as US explorers resumed their drilling binge, raising concerns over whether output cuts by Opec and its allies will be enough to clear a glut despite a pledge from Russia that it’s commit
Oil held above $61 (Dh223.87) a barrel, paring the weekly loss, as investors weighed surging US crude production against a warning from the International Energy Agency of an impending shortfall in gl
Oman’s crude oil and condensate production for February 2018 reached 27,075,580 barrels, with a daily average of 966,985 barrels, according to the monthly report issued by the Ministry of Oil and Gas
Times of Oman
Oil rose slightly higher on Wednesday after strong Chinese factory activity, though concern over the pace of growth in US output, as well as other producing nations, meant there were limited gains.