Mubasher: Kuwait has reduced the official selling price (OSP) for April crude it sells to Asia to settle below $4.65 per barrel (pb) to the average Oman and Dubai benchmark crude prices, down by $6 when compared to the previous month, Reuters reported on Wednesday.   

The new exporting premium price dropped to a level below $3.10 per barrel (pb) to the average Oman and Dubai benchmark crude prices.

In addition, the price of Khafji crude oil stood at $4.75 pb to the average Oman and Dubai benchmark crude prices.

It is worth noting that the newly-announced prices follow Saudi Arabia's cut of its official prices for April.