Mubasher: The price of Kuwait’s crude oil decreased by 23 cents to settle at $66 per barrel (pb) on Tuesday compared to $66.23 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC).

At the global level, oil prices declined on Wednesday in line with worries over an increase in the US crude production as well as anticipation for the joint talks between the US and China.

Energy Information Administration (EIA) announced on Tuesday that it expects shale oil output to increase by 84,000 barrels per day (bpd) to reach 8.398 million bpd in March.