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عين ليبيا
Kuwait and UAE Reduce Oil Sales Prices to Asia: Implications for Markets
Kuwait and the United Arab Emirates reduced their official selling prices for their Gulf crude oils destined for Asian markets in August, reflecting a decline driven by global energy market movements and changing demand. Kuwait set its selling price at a discount of $5 per barrel compared to the average prices of Oman and Dubai crudes, while ADNOC lowered its Murban crude price to $80.01, down from $101.48 in July, a decrease of approximately $21.47. These decisions are part of the monthly pricing mechanism adopted by producing countries in response to global market fluctuations.
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