Tawasul
Mubasher TV
Contact Us Advertising   العربية

Commodities

Kuwaiti crude settled at $27.81 per barrel (pb) on Thursday
27 March 03:27 PM Kuwait oil down to $27.8 pb
Mubasher: The price of Kuwait oil decreased by $1.13 on Thursday, Kuwait News Agency (KUNA) reported. Kuwaiti crude settled at $27.81 per barrel (pb) yesterday, compared with its level on Wednesday’s close at $28.94, according to the Kuwait …
Brent futures inched up by 12 cents on Tuesday
25 March 12:16 PM Kuwait’s crude oil rises to $27.97 pb Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil went up by $1.86 on Tuesday, 24 March, to finish at $27.97 per barrel (pb) from $26.11 pb on Monday, according to the official prices of the Kuwait Petroleum Corporation (KPC). Globally, crude prices …
Global prices jumped by more than 3% on Monday
24 March 11:54 AM Kuwait’s crude oil retreats to $26.11 pb on Monday - KPC
Mubasher: The price of Kuwait’s crude oil decreased by $4.33 on Monday, 23 March, to stand at $26.11 per barrel (pb) compared to $30.44 pb last Friday, according to the official prices by the Kuwait Petroleum Corporation (KPC). Global oil prices …
Amin Nasser, President and CEO of Aramco - (Photo Archive)
22 March 01:08 PM Aramco closely monitoring coronavirus situation – CEO
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) is closely monitoring the situation of the coronavirus (COVID 19) outbreak on a daily basis, Saudi Press Agency (SPA) reported. Aramco has developed emergency and prevention plans …
Company's gas sale contracts not affected by fluctuating oil prices
22 March 09:56 AM Dana Gas operations remain stable despite COVID-19
Abu Dhabi - Mubasher: Dana Gas has confirmed that the coronavirus (COVID-19) outbreak has not impacted its exploration and production operations and facilities in the Kurdistan Region of Iraq (KRI) and Egypt.   Sold under long term gas sale …
Global oil prices fell to an 18-year low
19 March 11:35 AM Kuwait’s crude oil down $2.14 on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil recorded $29.75 per barrel (pb) on Wednesday, down by $2.14 from $31.89 pb last Tuesday, according to the official prices released by Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Aramco enjoys the lowest oil production cost per barrel in the world
18 March 06:34 PM KSA orders Aramco to set output at 12.3m b/d
Riyadh – Mubasher: The Saudi Ministry of Energy has directed the Saudi Arabian Oil Company (Saudi Aramco) to continue to supply crude oil at a level of 12.3 million barrels per day (b/d) over the coming months, Saudi Press Agency (SPA) reported. …
Global oil prices fell by more than 6% on Tuesday
18 March 11:12 AM Kuwait’s crude oil slumps to $31.89 pb on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil inched down by 27 cents on Tuesday, settling at $31.89 per barrel (pb) from $32.16 pb on Monday, according to the prices released by the Kuwait Petroleum Corporation (KPC). Oil prices fell by more than 6% …
Global oil prices fell to their lowest since 2016 on Monday
17 March 04:32 PM Kuwait’s crude oil slides to $32.16 pb on Monday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by $3.3 on Monday to $32.16 per barrel (pb) from $35.46 pb last Friday, according to the official prices of the Kuwait Petroleum Corporation (KPC). On Monday, global prices slumped to their …
Revenues amounted to KWD 14.31 billion in 11M
17 March 02:31 PM Kuwait’s oil revenues down 17% in 11M
Mubasher: Kuwait’s oil revenues decreased by 16.7% on an annual basis during the first 11 months of the fiscal year (FY) 2019/2020, according to recent data by the Ministry of Finance. Revenues for the period amounted to KWD 14.31 billion ($46.46 …
Brent crude oil dropped by $2.57
13 March 01:28 PM Kuwait's crude oil falls $1.83 pb on Thursday – KPC
Mubasher: The price of Kuwait’s crude oil fell by $1.83 to $34.29 per barrel (pb) on Thursday, 12 March, compared to $36.12 pb on Wednesday, the Kuwait Petroleum Corporation (KPC) said.  Global oil prices slid by 7% on Thursday after the US …
Global prices retreated by 4% on Wednesday
12 March 01:20 PM Kuwait’s crude oil up 62 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil inched up by 62 cents on Wednesday, 11 March, to settle at $36.12 per barrel (pb) from $35.50 pb a day earlier, according to official prices by Kuwait Petroleum Corporation (KPC). Global prices retreated …
The new price is $6 down when compared to March
11 March 01:59 PM Kuwait slashes April crude prices to Asia by $6
Mubasher: Kuwait has reduced the official selling price (OSP) for April crude it sells to Asia to settle below $4.65 per barrel (pb) to the average Oman and Dubai benchmark crude prices, down by $6 when compared to the previous month, Reuters …
The MSC is determined by the government as per the Hydrocarbons Law
11 March 11:07 AM Saudi energy ministry directs Aramco to raise oil output to 13m bpd
Riyadh – Mubasher: The Saudi Ministry of Energy directed the Saudi Arabian Oil Company (Saudi Aramco) to increase its maximum sustainable capacity (MSC) to 13 million barrels per day (bpd) from 12 million bpd. The MSC is determined by the …
Global prices surged by more than 10% on Tuesday
11 March 10:59 AM Kuwait’s crude oil rises to $35.5 pb on Tuesday - KPC
Mubasher: The price of Kuwait’s crude oil rose by $1.24 on Tuesday, 10 March, to reach $35.5 per barrel (pb) from $34.26 pb a day earlier, according to official prices by Kuwait Petroleum Corporation (KPC). Global prices surged by more than 10% on …
Aramco will provide its customers with 12.3m bpd
10 March 12:52 PM Aramco to raise crude oil supply to 12.3m bpd in April
Riyadh – Mubasher: Saudi oil giant Aramco will increase its crude oil production by 300,000 million barrels per day (bpd) over the company’s maximum sustained capacity (MSC) of 12 million bpd.  Therefore, the company will provide its customers …
Brent futures for May rose by more than 1% earlier today
10 March 11:19 AM Kuwait’s crude oil plummets $15.6 on Monday – KPC
Mubasher: The price of Kuwait’s crude oil plunged a whopping $15.56 on Monday, 9 March, to settle at $34.26 per barrel (pb) from $49.82 pb last Friday, according to the official prices by the Kuwait Petroleum Corporation (KPC). Meanwhile, global …
Saudi Arabia plans to increase its crude oil output
9 March 10:24 AM Saudi Arabia to raise oil output to over 10m bpd in April – Reuters
Riyadh – Mubasher: Saudi Arabia, the world’s largest oil exporter, seeks to increase its crude oil output to more than 10 million barrels per day (bpd), probably near 11 million bpd, in April 2020, according to Reuters. This plan followed the …
A three-year deal between OPEC and Russia collapsed on Friday
8 March 01:39 PM Aramco cuts April crude oil prices as OPEC-Russia talks collapse
Riyadh – Mubasher: The Saudi Arabian Oil Company (Saudi Aramco) reduced its official selling price (OSP) for April for all its crude grades to all destinations following the collapse of OPEC’s oil output cut deal with Russia on Friday, according …
Concerns fears weigh on global oil prices
6 March 01:50 PM Kuwait’s crude oil down to $52.08 pb on Thursday
Mubasher: The price of Kuwait’s crude oil fell by 17 cents to $52.08 per barrel (pb) on Thursday, 5 March, compared to $52.25 pb on Wednesday, the Kuwait Petroleum Corporation (KPC) said.  Rising concerns over the spread of the new coronavirus …
Brent crude levelled down by 73 cents on Wednesday
5 March 11:42 AM Kuwait’s oil down 85 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil settled lower by 85 cents on Wednesday, 4 March, to stand at $52.25 per barrel (pb), compared with $53.10 pb last Tuesday, according to Kuwait Petroleum Corporation (KPC). In the meantime, global oil …
Brent crude rose by $1.36 on Tuesday
4 March 10:50 AM Kuwait’s crude oil closes Tuesday at $53.1 pb - KPC
Mubasher: Kuwait’s crude oil price jumped by $1.17 on Tuesday to settle at $53.1 per barrel (pb), compared to $51.93 pb on Monday, according to official prices of the Kuwait Petroleum Corporation (KPC). On the global level, crude prices narrowed …
Global prices increased by 4.5% on Monday
3 March 10:59 AM Kuwait’s crude oil up $1.15 on Monday – KPC
Mubasher: The price of Kuwait’s crude oil rose by $1.15 to close at $51.93 per barrel (pb) on Monday, compared to $50.78 pb last Friday, according to the official prices of the Kuwait Petroleum Corporation (KPC). Global oil prices increased by …
The surge in the trading came amidst rising economic uncertainty
2 March 04:50 PM DGCX gold futures trading jumps 774% year-to-date
Dubai – Mubasher: The trading of gold futures on the Dubai Gold and Commodities Exchange (DGCX) has registered an around 773.6% year-to-date hike, when compared to the same period of 2019, driven by a multi-year record during January. The surge in …
Gasoline super 95 has been priced at QAR 1.65 per liter for March
29 February 08:10 PM QP lowers fuel prices for March
Mubasher: Qatar Petroleum (QP) announced fuel prices for next month, with diesel priced at QAR 1.7 per liter, compared with QAR 1.9 per liter in February. Gasoline super 95 has been priced at QAR 1.65 per liter in March, compared with QAR 1.85 per …