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Kuwait and Iran cuts January oil prices for Asia - Reuters

Kuwait has reportedly cut the January official selling price (OSP) for Kuwait Export Blend crude to Asia by 65 cents a barrel from the previous month, according to Reuters.

Further, it will sell crude to Asia at a discount of 35 cents a barrel to an average of Platts Oman and Dubai prices in January, compared with a premium of 30 cents in December 2018.

Meanwhile, Iran has set the official selling price (OSP) of its Iranian Light grade for its Asian customers at 30 cents above the Oman/Dubai average for January - $1 lower than the previous month - a price document reviewed by Reuters showed on Tuesday.

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