Commodities

The price of Brent crude oil rose by 4%

26 September 12:08 PM Kuwait crude oil up 56 cents Monday – KPC

Mubasher: The price of Kuwait’s crude oil increased by 56 cents to reach $54.06 per barrel (pb) on Monday compared to $53.50 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). The price of Brent crude oil …

Brent futures went up by 3.9% to $59.13 per barrel

26 September 01:13 AM Brent jumps 4%, breaks $59 level

Mubasher: Brent crude oil rose by 4% during Monday trade, surpassing the level of $59, amidst a dominant positive sentiment, as investors are optimistic regarding cutting output. By 9:34 PM (GMT), Brent futures went up by 3.9% to $59.13 per barrel …

Gold futures went up by 1.1% to its highest level in 10 days

26 September 12:22 AM Gold prices surge on rising geopolitical risks

Mubasher: Gold prices have risen by the end of Monday trade, increasing by around $14 and exceeding the level of $1,300, as more geopolitical risks are rising with North Korea threatening to target American Aircrafts. Gold futures went up by 1.1%, …

Earnings growth shifts down a gear turning outlook on global oil and gas sector stable

25 September 11:42 PM Moody's expects lower return growth for oil, gas sectors

Mubasher: An expected slowdown in the pace of earnings growth has moved the 2018 outlook on the global integrated oil and gas industry to stable from positive, Moody's Investors Service said in a report published Monday. The slowdown follows a …

Khazzan Gas Field

25 September 06:22 PM BP launches production in Oman’s Khazzan gas field

Mubasher: BP announced on Monday that it has begun production at the Khazzan gas field in Oman, according to a company statement. The Omani oil and gas minister said that BP has successfully delivered the first phase of the project on time, adding …

Companies Investments

Brent futures rose by 1.4% to $57.67 per barrel

25 September 03:52 PM Brent surges to highest level since mid-2015

Mubasher: Brent crude oil expanded its gains during Monday trade, reaching its highest level in more than two years, with investors showing a positive sentiment regarding the output limitation agreement. Brent futures rose by 1.4% to the level of …

Gold has fallen by more than $70 per ounce in 2017

25 September 01:15 AM Gold down to $1,295 per ounce - Sabaek

Mubasher: Gold prices went down by $23 to reach $1,295 per ounce in last week's trading in New York New Mix market, according to Sabaek Al-Kuwait Company. Kuwait News Agency (KUNA) reported that the company added in its weekly report on Sunday …

He added that through BSO’s “low-latency and highly resilient connectivity service” traders can enjoy transparent and secure trading

20 September 01:52 PM DGCX enables trading from London via BSO

Dubai – Mubasher: The Dubai Gold and Commodities Exchange (DGCX) announced that BSO Network Solutions enhanced its Market Data Connect service to enable direct trading and market data access between it and Interxion London. The service will give …

Kuwait’s crude oil decreased by 7 cents to reach $52.59 per barrel

20 September 11:27 AM Kuwait’s crude oil down 7 cents Tuesday – KPC

Mubasher: The price of Kuwait’s crude oil decreased by 7 cents to reach $52.59 per barrel (pb) on Tuesday compared to $52.66 pb on Monday, according to a the latest data issued by the Kuwait Petroleum Corporation (KPC). The U.S. Energy Information …

The United States expected shale oil production to rise by 79,000 barrels per day

19 September 01:07 PM Kuwait crude oil up 36 cents Monday – KPC

By: Mohammad Farouk Mubasher: The price of Kuwait’s crude oil increased by 36 cents to reach $52.66 per barrel (pb) on Monday compared to $52.30 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the …

Emaar recently unveiled the Cove 1 in the region

18 September 09:31 AM Emaar launches Address Harbour Point

Dubai – Mubasher: Emaar Properties launched the two-tower Address Harbour Point in the heart of Dubai Creek Harbour, according to Al Bayan newspaper. The first tower is made up of 65 storeys and the second has 53 storeys, featuring a total of 202 …

The price of Kuwait’s crude oil settled at $50.56 per barrel (pb) on Monday

12 September 12:11 PM Kuwait crude oil falls 82 cents Monday – KPC

Mubasher: The price of Kuwait’s crude oil went down 82 cents to settle at $50.56 per barrel (pb) on Monday compared to $51.38 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). An oil expert announced on …

Al Falih and Al Mazroui consider extending oil supply cuts beyond March 2018

11 September 07:13 PM KSA, UAE consider extending oil cuts

Riyadh – Mubasher: Saudi Arabia’s energy minister Khalid Al Falih and his UAE counterpart Suhail Al Mazroui on Monday agreed on considering the extension of oil supply cuts beyond March 2018 depending on market fundamentals. During their meeting …

Nymex crude oil rose by 1%

7 September 05:33 PM Kuwait crude oil exceeds $50 level Wednesday – KPC

Mubasher: The price of Kuwait’s crude oil has exceeded the $50-level on Wednesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). The price of oil gained $1.38 to reach $50.75 per barrel (pb) on Wednesday compared …

The demand on oil is likely to increase during the third quarter of 2017

7 September 04:02 PM Brent crude price to stay at $55 pb – Minister

Mubasher: The Kuwaiti oil minister predicted that the price of crude Brent oil would stay at its current levels in the coming period. OPEC’s strategy is heading in the right direction, minister Essam Al Marzouq said in a press announcement, noting …

The price of oil reached $49.37 per barrel

6 September 02:54 PM Kuwait crude oil approaches $50 level Tuesday – KPC

Mubasher: The price index of Kuwait’s crude oil increased by 19 cents on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). The price of oil reached $49.37 per barrel (pb) compared to $49.18 pb on Monday, …

The price of Kuwait's crude oil reached $49.18 per barrel

5 September 04:36 PM Kuwait crude oil up $1.26 Monday – KPC

Mubasher: The price of Kuwait’s crude oil increased by $1.26 to reach $49.18 per barrel (pb) on Monday compared to $47.92 pb, according to the latest data issued on the Kuwait Petroleum Corporation (KPC). It is noteworthy that Iran’s oil minister …

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4 September 09:46 PM Total sells stake in oil field to Kuwait

Mubasher: The French oil company Total announced on Monday that it has agreed to sell the remaining of its stake in the Norwegian oil field Gina Krog to Kuwait Foreign Petroleum Exploration Company (KUFPEC). As reported by Kuwait News Agency …

The auction will be held on Tuesday at 7:55 GMT

4 September 07:53 PM Oman to sell 1m oil barrels in DME

Mubasher: Oman is planning to sell more quantities of crude oil in November to maximize the use of the strong demand in Asia, according to Reuters. Sources said that the Omani ministry of oil and gas will hold an auction in the Dubai Mercantile …

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19 September 07:51 PM KOTC negates rumors about sinking tanker

Mubasher: Kuwait Oil Tankers Company (KOTC) has denied that one of its tankers had sunk, according to an official statement issued on Sunday. The KOTC said in its statement that reports on social media saying a KOTC tanker had sunk off Oman were …

The price of oil decrease in line with expectations of higher fuel reserves

30 August 11:29 AM Kuwait crude oil down 40 cents Tuesday – KPC

Mubasher: The price of Kuwait’s crude oil closed Tuesday 40 cents lower at $48.28 per barrel (pb) as compared to $48.68 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the global level, the price of …

The Kuwaiti minister of oil Minister Essam Al Marzouq

25 August 10:33 PM Kuwait contains small oil spillage - Minister

Mubasher: The Kuwaiti minister of oil minister, Essam Al Marzouq said that a small oil spillage was discovered near Qaruh Island in Kuwait on Friday, adding that ships owned by the Kuwait Oil Company (KOC) have managed to contain the situation. Al …

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25 August 08:49 PM KOC completed 3D surveillance of Kuwait bay

Mubasher: Kuwait Oil Company (KOC) has conducted 3D surveillance of Kuwait bay and surrounding locations, according to the Kuwait News Agency (KUNA). The company said in a statement on Thursday that the survey area totalled 3,300 square …

Kuwaiti crude oil registered 48.69 per barrel on Thursday

25 August 04:11 PM Kuwait oil prices rise $0.42

Mubasher: The price of Kuwait oil went up by 42 cents yesterday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti oil reach $48.69 per barrel (pb) on Thursday, compared to $48.27 pb on Wednesday, as reported by the Kuwait News Agency …

25 August 03:24 PM Oman oil reaches $50.7pb

Mubasher: The price of Oman oil futures for October delivery rose by 9 cents per barrel today, according to the data of the Dubai Mercantile Exchange (DME). Data showed that Omani crude oil registered $50.71 per barrel (pb) on Friday, compared to …