Commodities

Global oil prices rose by more than 2%

14 March 11:21 AM Kuwait crude oil adds 14 cents on Wednesday – KPC

Mubasher: The price of Kuwait’s crude oil increased by 14 cents to reach $67.1 per barrel (pb) on Wednesday compared to $66.96 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …

Global oil prices rose during Wednesday

13 March 12:29 PM Kuwait crude oil adds 34 cents on Tuesday – KPC

Mubasher: The price of Kuwait’s crude oil increased by 34 cents to settle at $66.96 per barrel (pb) on Tuesday compared to $66.62 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …

Jurassic gas fields’ value is worth $2.9 billion

12 March 04:57 PM LNG import to become Kuwait’s fuel source – KPC

Mubasher: Kuwait has plans to endorse its natural gas production capacity to become 3.5 billion standard cubic feet (scf) per day by 2031-2032 instead of the current 1.9 billion scf, CEO of the Kuwait Petroleum Corporation (KPC) Hashim Hashim said …

Global oil prices rose by more than 1%

12 March 03:06 PM Kuwait crude oil adds $1.07 on Monday – KPC

Mubasher: The price of Kuwait’s crude oil increased by $1.07 to settle at $66.62 per barrel (pb) on Monday compared to $65.55 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …

Aramco and Bapco announced the commissioning of the AB-4 in October 2018

11 March 04:55 PM Bahrain's Bapco mulls oil trading as refinery expanded

Mubasher: Bahrain has plans to sell and trade more petroleum products in the GCC region and Asia in line with its intention to commission the expanded oil refinery by early 2023, the CEO of oil company Bapco Pete Bartlett told Reuters. Expanding …

Brent crude oil, May futures, added 0.3%

7 March 11:11 AM Kuwait crude oil adds 12 cents – KPC

Mubasher: The price of Kuwait’s crude oil increased by 12 cents to settle at $65.64 per barrel (pb) on Wednesday compared to $65.52 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …

OPEC and its allies are continuing to reduce oil output by 1.2 million bpd

6 March 12:31 PM Kuwait crude oil adds 32 cents on Tuesday – KPC

Mubasher: The price of Kuwait’s crude oil increased by 32 cents to settle at $65.52 per barrel (pb) on Tuesday compared to $65.2 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …

The LNG cargo tender is set to close on 6 March

5 March 11:51 AM KPC eyes LNG cargo for April delivery

Mubasher: Kuwait Petroleum Corporation (KPC) is currently seeking a cargo of liquefied natural gas (LNG) to be delivered in April, two industry sources said on Tuesday, according to Reuters. KPC is seeking the LNG cargo to be delivered over 12 to …

Global oil prices increased by more than 1% on Monday

5 March 11:43 AM Kuwait crude oil drops $1.09 on Monday – KPC

Mubasher: The price of Kuwait’s crude oil decreased by $1.09 to settle at $65.2 per barrel (pb) on Monday compared to $66.29 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …

Global oil prices increased by more than 25% on Wednesday

28 February 10:34 AM Kuwait crude oil adds 78 cents on Wednesday – KPC

Mubasher: The price of Kuwait’s crude oil increased by 78 cents to settle at $64.86 per barrel (pb) on Wednesday compared to $64.08 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …

Global oil prices went up with a slight right on Tuesday

27 February 01:52 PM Kuwait crude oil drops $2.09 on Tuesday – KPC

Mubasher: The piece of Kuwait’s crude oil decreased by $2.09 to settle at $64.08 per barrel (pb) on Tuesday compared to $66.17 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …

Global oil prices declined by more than 3%

26 February 10:51 AM Kuwait crude oil drops 52 cents on Monday – KPC

Mubasher: The price of Kuwait’s crude oil decreased by 52 cents to settle at $66.17 per barrel (pb) on Monday compared to $66.69 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …

Kuwait exports of crude oil rose by 2.4% m-o-m in December 2018

24 February 02:53 PM Kuwait crude exports hit 20-month high in December

Mubasher: Kuwait has exported crude oil of approximately 2.12 million barrels per day in December 2018, registering the highest level in 20 months since April 2017, according to the Joint Organisations Data Initiative (JODI). The country’s crude …

Nymex crude has registered the highest level in 2019 on Wednesday

21 February 12:24 PM Kuwait crude oil down 11 cents on Wednesday – KPC

Mubasher: The price of Kuwait’s crude oil decreased by 11 cents to settle at $65.89 per barrel (pb) on Wednesday compared to $66 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …

Honeywell Centre is located in Mina Abdullah in southern Kuwait

20 February 04:41 PM Honeywell opens Kuwait's first centre for advanced oil tech

Mubasher: Honeywell, listed on the New York Stock Exchange (NYSE), has opened a new facility in Kuwait in the field of oil and gas, according to a recent press release. This new facility will be Kuwait’s first certified in-country manufacturing, …

The Saudi–Kuwaiti Neutral Zone was left undefined when the border was established

20 February 03:14 PM Saudi Arabia, Kuwait may resume oil output from Neutral Zone in 2019

Mubasher: Saudi Arabia is expected to reach a joint agreement with Kuwait to resume oil production from the Neutral Zone in 2019, the kingdom’s energy minister said on Wednesday. “We hope in 2019 it will be resolved,” Reuters reported, citing …

US shale oil output is expected to increase by 84,000 bpd in March

20 February 09:56 AM Kuwait crude oil down 23 cents on Tuesday – KPC

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 …

KPC sought an LNG cargo for delivery over 20-21 March a week ago

19 February 12:44 PM KPC eyes LNG cargo for late March delivery

Mubasher: Kuwait Petroleum Corporation (KPC) is currently seeking a cargo of liquefied natural gas (LNG) to be delivered late March 2019, two industry sources said, according to Reuters. The cargo is expected to be delivered from 29 to 30 March, …

Kuwait oil settled at $66.23 per barrel (pb) on Monday

19 February 12:02 PM Kuwait crude oil adds $1.51 on Monday – KPC

Mubasher: The price of Kuwait’s crude oil increased by $1.51 to settle at $66.23 per barrel (pb) on Monday compared to $64.72 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …

Brent crude April futures added 1%

14 February 01:19 PM Kuwait crude oil up $1.18 on Wednesday – KPC

Mubasher: The price of Kuwait’s crude oil added 1.9% or $1.18 to settle at $62.93 per barrel (pb) on Wednesday compared to $61.75 pb in the previous session, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global …

Nymex crude oil March futures increased by 1.3%

13 February 10:30 AM Kuwait crude oil rises to $61.75 bp on Tuesday – KPC

Mubasher: The price of Kuwait crude oil increased by 21 cents to settle at $61.75 per barrel (pb) on Tuesday compared to $61.54 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, Brent crude …

The price changes tracked those set by Saudi Arabia

12 February 04:23 PM Kuwait raises export blend crude price 40 cents for February

Mubasher: Kuwait has increased the official selling price (OSP) for February Kuwait Export Blend Crude (KEC) by 40 cents to become 15 cents per barrel (pb) above the average of Oman and Dubai prices reported by Platts, Reuters said on Tuesday. The …

Investors are awaiting OPEC’s report for January 2019

12 February 01:18 PM Kuwait's crude oil rises to $61.54 pb on Monday – KPC

Mubasher: The price of Kuwait’s crude oil increased by 33 cents to settle at $61.54 per barrel (pb) on Monday compared to $61.21 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …

Renewable resources represent the largest growth area in the region’s new energy supply

6 February 12:36 PM Conventional oil investment seen key challenge – Gulf Energy

Mubasher: Investing in the conventional oil and gas industry remains a major component and challenge in the short-to-medium term, Gulf Energy Information said in a recent statement. This challenge comes despite the move towards a long-term …

The US-China trade war could raise oil price volatility in 2019

5 February 04:10 PM Oil supply may face shortage in 2019 due to Venezuela – KPC official

Mubasher: Global crude oil supply could face big reductions in exports from Venezuela during 2019, the head of Kuwait Petroleum Corporation (KPC), Hashem Hashem, said on Tuesday according to Reuters. "However, the wild card recently has been …