Iran, Iraq, Kuwait ‘raise May crude oil prices’

Iran and Iraq have raised the May crude oil prices for its three main export products to all markets, while Kuwait upped its export formula for Far East clients, the Middle East Economic Survey reported Monday. The Cyprus-based weekly publication said that for Asian customers, Iranian Light remained unchanged in relation to the average price of Oman and Dubai crudes for May, while Iranian Heavy and Foroozan were raised by 15 cents a barrel.

EarthTimes