The Kuwait Petroleum Corporation set the price of Kuwaiti export crude in October 2021 at $1.25 a barrel, above the average prices offered for Oman crude on the DME and Dubai crude on Platts, down $1.10 from the previous month.It also reduced the official selling price of Kuwait Super Light Crude in October 2021 to $1.95 a barrel above the prices offered to Oman/Dubai, a decline of $1.20 from the previous month.
The price cuts for Kuwaiti export crude are more than ten cents for Saudi Arabian Medium crude in the same month.
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