Kuwait National Petroleum Company plans to export 120,000 b/d to Asia by signing new contracts with Asian countries.

Saudi Arabia is set to raise December crude oil prices for Asian buyers.

Iranian exports to China, South Korea, India, and Japan climbed 20% in September, compared to August, to reach 1.9 million barrels per day (b/d).

To meet its self-imposed export cuts in November, Saudi Arabia is cutting crude oil shipments to customers in Asia.

With refining operations disrupted in the US, Saudi Arabia will increase exports to Asian markets in October.

Kuwait will raise the price of its crude exports to Asia by $0.35 for the month of October.

Saudi Arabia keeps pumping at near-record levels to defend sales in Asia, its biggest market, amid an increase in global supply. In addition, Saudi Aramco, the state-run oil giant, said that both its drilling and IPO plans remain unchanged.

Iran is seeking to enter an oil price war with its rivals. Tehran ratcheted up its offense in the oil market by breaking a pricing tradition, signaling it is determined to win its market share at a time when rival producers are trying to forge a deal on freezing output.

Iranian crude export to the Asian markets in February jumped by about 25% from a year earlier to levels last seen in 2014, as latest market figures show.

Kuwait plans to raise its crude oil production by 150,000b/d in Q3 2016 and aims to sign new export deals with European and Asian customers, Nabil Bouresli, Managing Director of International Marketing at Kuwait Petroleum Corporation (KPC) had said earlier this month.