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Kuwaiti crude oil price falls by $1.17

Kuwaiti crude oil price falls by $1.17
Photo Credit: Arabianeye-Reuters


Kuwait-Mubasher: Kuwait Petroleum Corporation (KPC) said that the Kuwaiti crude oil recorded a decline of $1.17 on Tuesday’s trades.

KPC added that the Kuwaiti oil reached $53.49 per barrel against $54.66 per barrel on Monday.

“Kuwait Oil Company (KOC) seeks to increase the production to 3.6 million barrels per day by 2020,” said the CEO of KOC in a comment to Mubasher on Monday.