Commodities

The contracts are still under discussion
11:33 AM Eastern Co considers new contracts with int'l firms
Cairo — Mubasher: Eastern Co, Egypt’s monopoly cigarette maker, on Thursday has announced that it is considering new manufacturing contracts with international companies. The contracts are still under discussion and any further details will be …
UK supermarkets posted record sales of GBP 29.3 billion
8 January 04:17 PM UK grocers post GBP 29.3 bn in holiday sales – Kantar
Mubasher: UK supermarkets posted record sales of GBP 29.3 billion ($37.4 billion) over the 12 weeks to 30 December 2018, according to data released by consultancy Kantar. British grocery sales went up 1.6%, held back by lower inflation, although …
Nymex crude, February futures, went up by 8.6%
27 December 2018 00:38 PM Kuwait crude oil slides $3.36 on Wednesday – KPC
Mubasher: The price of crude oil produced in Kuwait declined by $3.36 to settle at $49.63 per barrel (pb) on Wednesday from $52.99 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
The financial impact of this acquisition cannot be determined in the current time
23 December 2018 00:42 PM NIH acquires KWD 24m equity in Lagoon City Sukuk
Mubasher: National International Holding (NIH) announced that a fully-owned subsidiary has acquired 50% equity in Lagoon City Sukuk Company Limited. The takeover deal is valued at KWD 24.16 million ($79.7 million), according to a bourse disclosure …
The US oil inventories shrank by 500,000 barrels in week
20 December 2018 10:54 AM Kuwait crude oil drops $1.55 on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by $1.55 to settle at $54.9 per barrel (pb) on Wednesday compared to $56.45 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Global oil prices decreased by more than 2.5%
18 December 2018 11:42 AM Kuwait crude oil drops 69 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 69 cents to settle at $58.41 per barrel (pb) on Monday compared to $59.1 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
Profits of GCC petrochemical firms increased by 2% to $7.57 billion in 2018
17 December 2018 05:36 PM GCC petrochemical firms record $7.57bn profits in 2018 - Report
Mubasher: Petrochemical companies in the Gulf region are seen to have performed better this year when compared to 2017, with the outlook looking decent for 2019, according to Ubhar Capital. In 2018, profits of GCC petrochemical firms increased by …
Brent crude, February futures, added 0.5%
13 December 2018 00:33 PM Kuwait crude oil adds 79 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 1.35% or 79 cents to settle at $58.90 per barrel on Wednesday compared to $58.11 pb in the previous session, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the …
January OSP for Kuwait Export Blend Crude (KEC) to Asia fell by 65 cents
11 December 2018 00:37 PM Kuwait cuts January crude selling prices for Asia
Mubasher: Kuwait has cut January official selling prices (OSPs) for its two crude grades for export to Asia, Reuters reported on Tuesday according to two sources with knowledge of the matter. January OSP for Kuwait Export Blend Crude (KEC) to Asia …
The US crude oil was impacted negatively in line with commercial and political tension
11 December 2018 11:57 AM Kuwait crude oil adds $1.24 on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by $1.24 to settle at $59.58 per barrel (pb) on Monday compared to $58.34 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …