Commodities

Global oil prices declined
14 August 10:16 AM Kuwait’s crude oil adds 62 cents – KPC
Mubasher: The price of Kuwait’s crude oil increased by 62 cents to settle at $70.53 per barrel (pb) on Monday compared to $69.91 pb in the prior session, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, …
The US crude production declined for the second week in a row
9 August 10:49 AM Kuwait’s crude oil adds 19 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 19 cents to settle at $72.16 per barrel (pb) on Wednesday compared to $71.97 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
Global oil prices rose on Tuesday for the second session in a row
8 August 10:12 AM Kuwait’s crude oil rises 47 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 47 cents to settle at $71.97 per barrel (pb) on Tuesday compared to $71.5 pb on Monday, according to  the Kuwait Petroleum Corporation's (KPC) latest data. At the global level, oil prices rose …
Photo Archive
7 August 06:46 PM Iraq’s SGC awardsa flare gas contract to Baker Hughes
  Mubasher: Baker Hughes has been awarded a contract by the South Gas Company (SGC) of Iraq for fast-track solutions to help the recovery of flared gases in Nassiriya and Al Gharraf oilfields. The project will use advanced modular gas processing …
Global oil prices rose in line with worries over a decline in crude supplies
7 August 12:21 PM Kuwait’s crude oil adds 30 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 30 cents to settle at $71.5 per barrel (pb) on Monday compared to $71.2 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Bab Al-Mandeb Strait
4 August 07:26 PM Saudi Arabia to resume Red Sea oil shipments
Riyadh - Mubasher: The Kingdom of Saudi Arabia announced on Saturday that it will resume oil shipments through Bab Al-Mandeb strait, as reported by the Saudi Press Agency (SPA). “The decision to resume shipping of oil through Bab al-Mandeb comes …
The US crude stock increased during the past week
2 August 12:22 PM Kuwait’s crude oil drops $1.31 on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by $1.31 to settle at $71.52 per barrel (pb) on Wednesday compared to $72.83 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Nymex crude lost 7.3% on Tuesday
1 August 04:15 PM Kuwait’s crude oil rises on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by two cents to settle at $72.83 per barrel (pb) on Tuesday compared to $72.81 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
Global oil prices increased with gains exceeding 2%
31 July 01:52 PM Kuwait’s crude oil adds 5 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 5 cents to settle at $72.81 per barrel (pb) on Monday compared to $72.76 pb in the previous crude session, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global …
Photo Archive
27 July 05:45 PM Zohr’s production to grow 25% by September - Eni
Cairo - Mubasher: Eni is expecting the production of the Zohr gas field to increase to 2 billion cubic feet per day by next September. Current production capacity reached 1.6 billion cubic feet per day, according to the company’s statement on …
Kuwait mulls halting oil exports via Bab Al-Mandeb
26 July 04:19 PM Kuwait mulls halting oil exports via Bab Al-Mandeb
Mubasher: Kuwait is currently considering suspending its oil exports through Bab Al-Mandeb strait, an official told Reuters on Thursday. The news follows a suspension of oil exports by neighbouring Saudi Arabia, after two of its oil tankers were …
The US has warned companies from purchasing Iran’s crude oil
25 July 11:53 AM Kuwait’s crude oil adds 23 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 23 cents to settle at $71 per barrel (pb) on Tuesday compared to $70.77 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Global oil prices increased on Wednesday
19 July 01:59 PM Kuwait’s crude oil drops 61 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 61 cents to settle at $69.01 per barrel (pb) on Wednesday compared to $69.62 pb on Tuesday, according to recent data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Global oil prices inclined by the end of Tuesday
18 July 12:44 PM Kuwait’s crude oil drops $2.17 on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by $2.17 to settle at $69.62 per barrel (pb) on Tuesday compared to $71.79 pb on Monday, according to recent data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Global oil prices declined on Monday
17 July 09:59 AM Kuwait’s crude oil ads 74 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 74 cents to settle at $71.79 per barrel (pb) on Monday compared to $71.05 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Nymex crude oil declined by 5%
12 July 10:12 AM Kuwait’s crude oil drops $1.61 on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by $1.61 to settle at $73.69 per barrel (pb) on Wednesday compared to $75.3 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Global oil prices increased on Tuesday
11 July 11:54 AM Kuwait’s crude oil adds $1.2 on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by $1.2 to settle at $75.3 per barrel (pb) on Tuesday compared to $74.1 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Global oil prices increased in line with the drop in production in Libya
10 July 09:49 AM Kuwait’s crude oil up 58 cents – KPC
Mubasher: The price of Kuwait’s crude oil increased by 58 cents to settle at $74.1 per barrel (pb) on Monday compared to $73.52 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Gobal oil prices increased in line with worries over the crude supply
4 July 11:00 AM Kuwait’s crude oil drops 68 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil declined by 68 cents to settle at $74.14 per barrel (pb) on Tuesday, compared to $74.82 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …