Price documents show that Kuwait cut prices for various grades of crude oil sold to Europe, Asia and the US in August. KOC priced crude oil exported to Asia in August at a rate of 5 US dollars/barrel compared to the benchmark crude oil; in July, the oil was 5.25 US dollars/barrel higher than the benchmark crude oil. For the fourth month in a row, the price of ultra-light crude oil in Kuwait remained at the same level as the crude oil exported from Kuwait. The price of crude oil sold to all regions of Europe was lowered uniformly by 6.45 US dollars/barrel. The price of crude oil exported from Kuwait to northwest Europe and the Mediterranean in August was $6.05 per barrel. Crude oil exported to the US was reduced by 8 US dollars per barrel, and the FOB price was set at 3.40 US dollars/barrel. A new round of strikes continues to curb overall crude oil shipments from the Persian Gulf. However, some ships still cross the Strait of Hormuz along the waterway near the coast of Oman and pass by concealing ship location information.

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