Kuwait announces official crude oil export prices for November: Asia discount widens, Europe-America price spread adjusted

(1) According to pricing documents seen by the media, Kuwait’s November FOB price for export-grade crude oil to Asia is set at a discount of $6.75/barrel to the Oman-Dubai benchmark, compared to a discount of $2.75/barrel in October.(2) For cargoes to Eastern destinations: Khafji crude is priced at a discount of $7.35/barrel to the Oman-Dubai benchmark, compared to a $3.35/barrel discount in October; Haut crude at a discount of $5.53/barrel, versus a $1.47/barrel discount in October; Kuwait Super Light Crude at a discount of $6.75/barrel, compared to a $2.75/barrel discount in October.(3) For Northwest Europe and the Mediterranean: Kuwait export crude is set at a discount of $5.55/barrel to spot Brent, versus a $7.05/barrel discount in October; Sidi Kerir FOB Kuwait crude is at a discount of $5.35/barrel to spot Brent, compared to a $6.85/barrel discount in October.(4) For the US: Kuwait export crude is priced at a premium of $3.40/barrel to ASCI, unchanged from October; delivered-at-port Kuwait export crude to the US Gulf Coast at a premium of $4.70/barrel to ASCI, also unchanged.