Mubasher: Kuwait Petroleum Corporation (KPC) has announced that it is modifying its Asia crude oil pricing marker, Reuters reported on Tuesday.
The new pricing mechanism will be effective as of 1 February 2020, KPC revealed.
“KPC’s marker was the average of Platts Dubai and Platts Oman assessments. The new marker will replace Platts Oman with Dubai Mercantile Exchange (DME) Oman while maintaining the Platts Dubai component,” the international news agency said.
