Mubasher: Kuwait has reduced the official selling price (OSP) for its crude oil exported to Asia for March by 60 cents when compared to the previous month, Reuters reported on Tuesday.   

The new exporting premium stood at $1.35 per barrel (pb) to the average Oman and Dubai benchmark crude prices.

Moreover, the Gulf country has lowered the price premium of Kuwait Super Light Crude (KSLC) for February to $2.90 pb, $1.75 less compared to February prices.