Commodities

Global oil prices increased noticeably on Tuesday
15 February 10:26 AM Kuwait’s crude oil down 20 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 20 cents to settle at $58.91 per barrel (pb) on Wednesday compared to $59.11 pb on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the global level, …
The conference was attended by the Russian energy minister
14 February 03:51 PM Saudi oil minister confident of cooperation with OPEC
Riyadh – Mubasher: Saudi Arabia's oil minister Khalid Al Falih has expressed his confidence regarding the ongoing cooperation between OPEC and its non-OPEC allies to stabilise the market, according to Reuters. The conference was attended by the …
Kuwait’s crude oil decreased to $59.11 pb
14 February 10:08 AM Kuwait’s crude oil drops 53 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 53 cents to settle at $59.11 per barrel (pb) on Tuesday compared to $59.64 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
Global oil prices eliminated the gains previously achieved on Monday
13 February 11:56 AM Kuwait’s crude oil up 69 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 69 cents to settle at $59.64 per barrel (pb) on Monday compared to $58.95 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
A stake of 15% will be assigned for the interest in Block 9 to Dragon Oil
13 February 09:39 AM Kuwait Energy to sell stake in Iraq’s Block 9 to UAE firm
Mubasher: Kuwait Energy has signed an agreement on Monday to sell a stake in Block 9 in Iraq to Dragon Oil, a subsidiary of Emirates National Oil Company Limited (ENOC), as reported by Reuters. Based on the agreement, a stake of 15% will be …
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9 February 06:23 PM Kuwaiti oil down $1.82
Mubasher: The price of Kuwait oil declined by $1.82 on Thursday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude registered $61.37 per barrel, compared to 63.19 on Wednesday. The decline in Kuwaiti oil prices comes in line with …
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9 February 06:20 PM Algeria to supply natural gas to Tunisia - PM
Mubasher: Algeria’s Prime Minister Ahmed Ouyahia announced that his country will soon begin to supply natural gas to Tunisia. The agreement will see Algerian gas delivered to four territories by the end of 2018, including Sakiet Sidi Youssef, …
Nymex crude oil decreased by 2.5% to $61.79 pb
8 February 12:30 PM Kuwait’s crude oil drops 30 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil levelled down by 30 cents to settle at $63.19 per barrel (pb) on Wednesday compared to $63.49 pb on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the global …
The UK’s BP earlier expected oil prices to range from $50 pb to $55 pb
7 February 11:12 AM Kuwait’s crude oil drops 79 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 79 cents to settle at $63.49 per barrel (pb) on Tuesday compared to $64.28 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
Oil prices retreated on Monday following the plunge in global stock markets
6 February 10:17 AM Kuwait’s crude oil drops $1.82 on Monday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by $1.82 to settle at $64.28 per barrel (pb) on Monday compared to $66.1 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, oil prices …
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3 February 10:13 PM Global warming is threatening oil prices
Mubasher: Exxon Mobile is expecting global demand on oil to fall 20% by the year 2040, in case the rising temperatures continued at the current pace. Another study that is more accepted by producers has shown that demand on oil products will grow …
Kuwait plans to register 4.75 million barrels per day by 2040
1 February 01:35 PM Kuwait’s crude oil drops 52 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil declined by 52 cents to settle at $65.14 per barrel (pb) on Wednesday compared to $65.66 pb on Tuesday, according to the latest data by the Kuwait Petroleum Corporation (KPC). Kuwait intends to spend about …
Global oil prices continued to fall on Tuesday
31 January 11:06 AM Kuwait’s crude oil drops $1.1 on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by $1.1 to reach $65.66 per barrel (pb) on Tuesday compared to $66.76 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). Globally, oil prices continued …
Global oil prices declined in line with the recovery of the US dollar
30 January 01:23 PM Kuwait’s crude oil drops 3 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 3 cents to settle at $66.76 per barrel (pb) on Monday compared to $66.79 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). Global oil prices declined …
The $3 million 21-carat ring weighs around 64 kilograms
28 January 12:28 PM Sahara Centre displays world’s largest gold ring at $3m
Dubai - Mubasher: Sahara Centre, a Sharjah-based retail, entertainment and leisure destination, on Sunday stated that it would display the world’s largest gold ring, Najmat Taiba (Star of Taiba), for its visitors. The $3-million 21-carat Najmat …
Kuwait’s crude oil decreased to $65.94 per barrel
18 January 10:36 AM Kuwait’s crude oil falls 58 cents on Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 58 cents to reach $65.94 per barrel (pb) on Wednesday compared to $66.52 pb on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the global level, oil …
The US crude oil registered its first fall in six sessions on Tuesday
17 January 09:58 AM Kuwait’s crude oil down 8 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 8 cents to settle at $66.52 per barrel (pb) on Tuesday compared to $66.60 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). Globally, oil prices …
West Texas crude oil levelled up by 51 cents
16 January 03:44 PM Kuwait’s crude oil rises 67 cents on Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by 67 cents or 1% to settle at $66.60 per barrel (pb) on Monday compared to $65.93 pb on Friday, according to the latest data issued by Kuwait Petroleum Corporation (KPC). At the global level, …
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14 January 12:04 AM DEWA announces AED 26bn budget for 2018
Dubai - Mubasher: Dubai Electricity and Water Authority (DEWA) has approved a total budget of AED 26.417 billion for 2018, compared to AED 24.358 billion in 2017. The annual budget incorporates investments in conventional and non-conventional …
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13 January 06:01 PM Kuwait oil settles near $66
Mubasher: The price of Kuwait oil declined by 15 cents on Friday, according to the Kuwait Petroleum Corporation (KPC). Kuwaiti crude ended the week at the level of $65.93 per barrel (pb), compared to $66.08 pb on Thursday. Oil prices in global …
We should not worry about the decline in Venezuela’s production
11 January 12:08 PM Oil market to rebalance in 2018 – Minister
By: Amr Adel Abu Dhabi – Mubasher: The oil market will witness stability and rebalance in 2018, while the Organization Of Petroleum Exporting Countries' (OPEC) output cut agreement is still effective, the UAE’s energy minister Suhail al-Mazrouei …
The US crude reserve registered a decline for the eighth week in a row
11 January 11:20 AM Kuwait’s crude oil adds 93 cents – KPC
Mubasher: The price of Kuwait’s crude oil gained 93 cents to settle a $66.09 per barrel (pb) on Wednesday compared to $65.16 pb on Tuesday, according to the latest data by Kuwait Petroleum Corporation (KPC). At the global level, the US crude oil …
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10 January 10:16 PM Oman inks new oil, gas exploration deal
Mubasher: Oman has signed a deal for oil and gas exploration with Petroleb. The agreement with the Lebanese company comes one month after Lebanon approved its first offshore energy exploration. Petroleb will drill exploratory wells to assess oil …
The US crude oil registered 1.7% gains in the first week of 2018
9 January 02:07 PM Kuwait’s crude oil down 14 cents on Friday – KPC
Mubasher: The price of Kuwait’s crude oil dropped 14 cents to settle at $64.62 per barrel (pb) on Monday compared to $64.76 pb on Friday, according to the latest data by Kuwait Petroleum Corporation (KPC). At the global level, oil prices increased …