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Kuwait, Iran cut heavy crude export prices
- Thursday, June 12 - 2008 at 11:02
Kuwait and Iran have cut the price of their heavy crude exports to the deepest discounts in at least nine years, reported Reuters. Kuwait lowered the official selling price of its crude by 40 cents a barrel to a discount of $4.20 a barrel versus the Oman and Dubai benchmarks for Middle East shipments. Meanwhile, Iran deepened Iran Heavy's discount by 47 cents to a $3.92 discount. Last week, Saudi Arabia cut its Arab Medium OSP by 35 cents to a $3.70 discount to Oman/Dubai.
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Jeff Florian, Senior ReporterThursday, June 12 - 2008 at 11:02 UAE local time (GMT+4)
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