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Commodities

Brent crude oil remained steady early Tuesday
16 July 01:55 PM Kuwait crude oil down 70 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 70 cents to settle at $66.8 per barrel (pb) on Monday compared to $67.5 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, Brent crude …
The CBK’s total assets grew 2.25% in May
10 July 05:09 PM Kuwaiti C. Bank’s int’l assets hit $37bn in May
Mubasher: Foreign net assets of the Central Bank of Kuwait (CBK) increased by 1.44% year-on-year to KWD 11.25 billion ($37.06 billion) in May, the CBK’s data showed. On a monthly basis, the CBK’s foreign assets rose 0.54% from KWD 11.19 billion in …
The US oil production increased to 12.200 million barrels per day
4 July 12:07 PM Kuwait crude oil drops $2.28 on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by $2.28 to settle at $62.34 per barrel (pb) on Wednesday compared to KWD 64.62 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
Global oil prices’ losses widened by 5%
3 July 01:15 PM Kuwait oil drops to $64.62/pb
Mubasher: The price of Kuwait’s crude oil declined by $1.67 on Tuesday to reach $64.62 per barrel (pb) from $66.29 pb on Monday, according to the latest data showed by the Kuwait Petroleum Corporation (KPC). Noteworthy, global oil prices’ losses …
Kuwait was committed to supply reduction deal
27 June 03:36 PM Kuwait pushes for extending oil output cut pact
Mubasher: The Kuwaiti oil minister has expressed his support for the extension of OPEC+ oil output cut agreement, according to Reuters. The GCC country was committed to the supply reduction agreement, Khaled Al Fadhel said. Earlier in June, the …
At the global level, oil prices increased by 2.7% yesterday
27 June 10:22 AM Kuwaiti oil prices rise $0.93 on Wednesday
Mubasher: Kuwaiti crude oil prices rose on Wednesday by $0.93 to $65.27 per barrel (pb), versus $64.34 pb on Tuesday, according to the Kuwait Petroleum Corporation’s (KPC) latest data. At the global level, oil prices increased by 2.7% yesterday, …
Global oil prices increased for the third session
25 June 12:04 PM Kuwait crude oil down 23 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 23 cents to settle at $64.94 per barrel (pb) on Monday compared to $65.17 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Egypt will pay farmers between EGP 655 and EGP 685 per ardeb
24 June 04:38 PM Egypt pays EGP 14.5bn for local wheat since April
By: Mohamed Mowafy Cairo – Mubahser: Egypt’s government has paid about EGP 14.5 billion for the amount of wheat delivered by local farmers since the beginning of this harvest season, assistant to the country’s minister of supply Wael Abbas said.  …
Exports of the precious metal stood at $328 million in Q2 of FY18/19
24 June 10:43 AM Egypt’s gold exports hike 132% in Q2-18/19 – CBE
By: Ahmed Ammar Cairo – Mubasher: Egypt’s gold exports surged by 132% quarter-on-quarter during the second quarter of fiscal year 2018/2019, data by the Central Bank of Egypt (CBE) showed.     The North African nation’s exports of the precious …
Global oil prices declined late Wednesday
20 June 02:16 PM Kuwait crude oil adds $1.13 on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by $1.13 to settle at $62.16 per barrel (pb) on Wednesday compared to $61.03 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). Early Wednesday, the KPC …
Egypt agreed to purchase 180,000 tonnes of Romanian wheat
20 June 10:58 AM Egypt buys 290,000 tonnes of imported wheat
Cairo – Mubasher: Egypt’s ministry of supply and internal trade, represented by the state-run General Authority for Supply Commodities (GASC), has signed a contract to purchase 290,000 tonnes of wheat. The most populous Arab nation has agreed to …
Brent crude -August futures- levelled down by 2.1%
19 June 11:05 AM Kuwaiti crude oil down 64 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil declined by 64 cents on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). The Kuwaiti oil decreased to $61.03 per barrel (pb) on Tuesday compared to $61.67 pb on Monday. At …
Non-oil imports valued at AED 7.093 billion in March
18 June 03:49 PM Abu Dhabi’s non-oil trade hits AED 15.9bn in March
UAE – Mubasher: The non-oil trade in the emirate of Abu Dhabi declined by 11.9% year-on-year in March to AED 15.978 billion from AED 18.115 billion, data by the Statistics Centre Abu Dhabi (SCAD) showed. Non-oil imports valued at AED 7.093 billion …
Dubai's CPI fell by 2.61% year-on-year in May
18 June 12:40 PM Dubai’s CPI marks 6-month low in May
UAE – Mubasher: The consumer price index (CPI) in the emirate of Dubai slashed for the sixth consecutive month by 2.61% year-on-year in May, data by the Dubai Statistics Centre (DSC) showed. The decrease in CPI was mainly driven by the drop in …
Nymex crude oil, July futures, declined 1.1%
18 June 11:25 AM Kuwait’s crude oil ads 70 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 70 cents on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). Oil settled at $61.67 per barrel (pb) on Monday compared to $60.97 pb on Friday. At the global …
Nymex crude oil went down 1.8% to $52.31 pb
12 June 03:34 PM Kuwait crude oil falls 57 cents on Tuesday
Mubasher: The price of Kuwait’s crude oil declined by 57 cents to settle at $62.29 per barrel (pb) on Tuesday compared to $62.86 pb on Monday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Shipment will be between 11-21 July
12 June 01:12 PM Egypt buys 120,000 tonnes of wheat in int'l tender
Cairo – Mubasher: Egypt’s ministry of supply and internal trade, represented by the General Authority for Supply Commodities (GASC), has signed a contract to purchase 120,000 tonnes of wheat in an international tender. The most populous Arab …
Brent crude oil, August futures, added 0.8%
11 June 04:00 PM Kuwait crude oil up 60 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 60 cents to settle at $62.86 per barrel (pb) on Monday compared to $62.26 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Egypt has purchased 3.2 million tonnes of local wheat
10 June 06:17 PM Egypt’s strategic wheat reserves sufficient for 5M
By: Mohamed Mowafy Cairo – Mubasher: Egypt's strategic wheat reserves are enough to cover the country's needs for up to five months, assistant to the minister of supply said. The increase in strategic wheat reserves was attributed to the growth in …
The supply ministry aims to buy 3.6 million tonnes of local wheat
10 June 01:48 PM Egypt pays EGP 14bn for local wheat since April – Minister
By: Mohamed Mowafy Cairo – Mubasher: Egypt’s government has paid about EGP 14 billion for the amount of wheat delivered by local farmers since the beginning of this harvest season, the country’s minister of supply and internal trade said. Egypt, …
Egypt will pay farmers between EGP 655 and EGP 685 per ardeb
9 June 01:33 PM Egypt receives 3.2m tonnes of local wheat since April
By: Mohamed Mowafy Cairo – Mubasher: Egypt’s government has purchased 3.2 million tonnes of wheat from local farmers since the beginning of this harvest season, assistant to the country’s minister of supply said. The world’s largest wheat importer …
Globally, oil prices dropped to the lowest level in four month on Monday’s settlement
4 June 01:09 PM Kuwait crude oil price tumbles $2.9 pb on Monday
Mubasher: The price of Kuwait’s crude oil decreased by $2.91 to settle at $61.26 per barrel (pb) on Monday, compared to $64.17 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). Globally, oil prices dropped to …
The UAE Consumer Price Index (CPI) recorded 108.82 points in April
3 June 11:41 AM UAE’s inflation marks 4M low in April
UAE – Mubasher: Inflation rate in the UAE fell to 2.1% year-on-year in April, marking a four-month low, according to data by the Federal Competitiveness and Statistics Authority. The UAE Consumer Price Index (CPI) recorded 108.82 points in April, …
Nymex’s futures for July settled higher by 0.8% to $59.25 pb on Wednesday
30 May 02:08 PM Kuwait’s crude oil price falls to $67.7 pb on Wednesday
Mubasher: The price of Kuwait’s crude oil levelled down by 1.7%, or $1.18 per barrel (pb), to settle at $67.7 pb on Wednesday, compared to $68.88 pb a day earlier, according to the latest data by the Kuwait Petroleum Corporation (KPC). Nymex’s …
Brent crude, July futures, went down 1.1%
29 May 01:23 PM Kuwait crude oil rises $1.31 on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by $1.31 to settle at $68.88 per barrel (pb) on Tuesday compared to $67.57 pb on Monday, according to the latest price announced by the Kuwait Petroleum Corporation (KPC). At the global level, …