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Commodities

The US Nymex for December inched down by 0.5%
30 October 09:57 AM Kuwaiti oil falls to $61.76 on Tuesday
Mubasher: The price of Kuwait’s crude oil fell in Tuesday's trading session amid concerns over trade developments. Oil prices decreased by $0.73 to $61.76 on Tuesday, compared to $62.49 on Friday, according to recent data by Kuwait Petroleum …
The deal comes along with Kingdom Holding’s expansion strategy
24 October 12:21 PM Kingdom Holding unit pens MoU to buy Alhokair’s stake in Trade Center
Riyadh – Mubasher: Kingdom Investment and Development Company, a subsidiary of Kingdom Holding Company, has signed a binding memorandum of understanding (MoU) with Fawaz Abdulaziz Alhokair Company to purchase its 100% stake in Trade Center Company …
December Brent futures went down by 0.4%
24 October 10:18 AM Kuwaiti oil rises 80 cents on Wednesday - KPC
Mubasher: The price of Kuwait’s crude oil inched up $0.80 to $60.88 per barrel on Wednesday when compared to $60.08 pb a day earlier, according to the official prices of Kuwait Petroleum Corporation (KPC). Globally, oil prices were down during …
The service station accepts all payment methods
23 October 05:51 PM ENOC opens new station in Al Warqa’a using PV panels
UAE – Mubasher: Emirates National Oil Company (ENOC Group) announced the opening of a new services station in Al Warqa’a, bringing up the total number of its existing units in Dubai to 131. Al Warqa’a station is equipped with cutting-edge …
Global Brent crude oil futures inched up by 74 cents
23 October 12:55 PM Kuwaiti oil sheds 42 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 42 cents to $60.08 per barrel (pb) on Tuesday when compared to $60.50 pb a day earlier, according to the latest data by the Kuwait Petroleum Corporation (KPC). Meanwhile, the global Brent …
Brent futures for December edged down by 0.08% to $58.91 pb
22 October 10:17 AM Kuwaiti oil retreats to $60.5 pb on Monday - KPC
Mubasher: The price of Kuwait’s crude oil fell by 50 cents to $60.5 per barrel (pb) on Monday, 21 October, when compared to $61 pb on Friday, according to the official prices of Kuwait Petroleum Corporation (KPC). The global prices decreased on …
Global oil prices edged higher by 1%
17 October 10:33 AM Kuwaiti oil drops 60 cents on Wednesday – KPC
Mubasher: The price of Kuwait's crude oil decreased by 60 cents to $60.01 per barrel (pb) on Wednesday, compared to $60.61 pb a day earlier, according to the official prices by Kuwait Petroleum Corporation (KPC). Globally, oil prices edged higher …
Total grain production dropped to 17.9 million tonnes
16 October 01:41 PM Egypt’s wheat output hits 8.6m tonnes in FY17/18 – CAPMAS
Cairo – Mubasher: Wheat production in Egypt rose by 1.6% year-on-year during fiscal year 2017/2018, the Middle East News Agency (MENA) reported on Wednesday.  The North African nation’s wheat output increased to 8.6 million tonnes in FY17/18, …
Global oil prices slid by 1.5% on Tuesday
16 October 10:54 AM Kuwaiti oil declines 53 cents on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil fell by 53 cents to settle at $60.61 per barrel (pb) on Tuesday when compared to $61.14 pb a day earlier, according to the official prices of Kuwait Petroleum Corporation (KPC).    Globally, oil prices …
Global oil prices retreated by 2%
15 October 04:48 PM Kuwait crude oil drops 54 cents on Monday – KPC
Mubasher: The Price of Kuwait’s crude oil declined by 54 cents to settle at $61.14 per barrel (pb) on Monday when compared to $61.68 a barrel on Friday, according to the latest data by Kuwait Petroleum Corporation (KPC). At the global level, oil …
DAFZA achieved a large trade surplus of over AED 11 billion in H1-19
14 October 09:08 AM DAFZA’s contribution to Dubai’s foreign trade hits 12% in H1
UAE - Mubasher: Dubai Airport Freezone Authority (DAFZA) revealed that its contribution to Dubai's foreign trade stood at 12% in the first half of 2019, Emirates News Agency (WAM) reported. DAFZA has recorded a healthy growth rate of 8% or AED 5.7 …
Brent crude futures rose by 2.4%
12 October 07:09 PM Kuwait oil price rises $2.63 pb on Friday
Mubasher: The price of Kuwait’s crude oil grew by $2.63 to settle at $61.68 per barrel on Friday, compared to $59.05 pb on the previous day, according to the Kuwait News Agency (KUNA). Brent crude futures rose by 2.4% to hit $60.51 pb, while Nymex …
Brent crude futures rose by $0.78
11 October 06:16 PM Kuwait oil price edges up on Thursday
Mubasher: The price of Kuwait’s crude oil inched up $0.05 to settle at $59.05 per barrel on Thursday, compared to $59 pb the day before, according to the Kuwait News Agency (KUNA). Brent crude futures rose by $0.78 to hit $59.1 pb, while Nymex WTI …
Safaga South which is located within Aton’s fully-owned Abu Marawat
10 October 02:11 PM Aton: New gold discovery in Egypt; samples up to 102.5 g/t Au
Mubasher: Aton Resources, a Canada-based company, announced that it has collected 36 samples from Safaga South’s second phase of reconnaissance field inspection and selective grab sampling. This was issued as a follow-up fieldwork regarding Aton’s …
Crude oil price fell to $59 per barrel on Wednesday
10 October 10:40 AM Kuwaiti oil drops 31 cents on Wednesday – KPC
Mubasher: Kuwait's crude oil price fell by 31 cents to $59 per barrel (pb) on Wednesday, 9 October, from $59.31 pb on Tuesday, according to the official prices of Kuwait Petroleum Corporation (KPC). Globally, oil prices decreased as the US …
Global oil prices decreased on Wednesday
9 October 01:44 PM Kuwaiti oil drops to $59.31 per barrel on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil fell by 14 cents to $59.31 per barrel (pb) on Tuesday, 8 October, compared to $59.45 pb on Monday, according to the official prices published by the Kuwait Petroleum Corporation (KPC).   Globally, oil …
Revenues are expected to remain down in Q3-19
8 October 04:37 PM Al Jazira Capital: Saudi petrochemical sector seen up MoM, down YoY in Q3
Riyadh – Mubasher: Al Jazira Capital predicted the net income of the Saudi petrochemical sector to improve by 9% during the third quarter of 2019, compared to the second quarter of the same year. The research company ascribed the increase in …
Kuwait’s crude oil rose by 45 cents
8 October 12:34 PM Kuwaiti oil rises to $59.45 per barrel on Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil rose by 45 cents to $59.45 per barrel (pb) on Monday, 7 October, from $59 pb on Friday, according to Kuwait Petroleum Corporation’s (KPC) official prices. Globally, oil prices fell amid concerns regarding …
Global oil prices declined by 2%
3 October 09:47 AM Kuwait’s crude oil price levels down 1% on Wednesday
Mubasher: The price of Kuwait’s crude oil declined by 1% to settle at $59.73 per barrel on Wednesday, compared to $60.33 pb on Tuesday, according to the latest data released by the Kuwait Petroleum Corporation (KPC). Global oil prices declined by …
Global oil prices fell on Tuesday in a volatile session
2 October 02:58 PM Kuwaiti oil down to $60.33 per barrel on Tuesday - KPC
Mubasher: The price of Kuwait’s crude oil slipped by $1.18 to $60.33 per barrel (pb) on Tuesday, 1 October from $61.51 pb on Monday, based on Kuwait Petroleum Corporation’s (KPC) official prices. Globally, oil prices fell on Tuesday in a volatile …
Global oil prices declined
1 October 01:24 PM Kuwait oil price sheds $1.4 pb on Monday
Mubasher: The price of Kuwait’s crude oil declined by $1.4 to settle at $61.51 per barrel on Monday, compared to $62.91 pb on Friday, according to the latest data released by the Kuwait Petroleum Corporation (KPC). Global oil prices declined on …
Advanced Petrochemical evaluated the final effects of the decline in supplies
29 September 11:25 AM Feedstock supplies reach normal levels - Advanced Petrochemical
Riyadh – Mubasher: The feedstock supplies of Advanced Petrochemical Company have reached 100% of their normal levels on Thursday, 26 September. On 18 September, the company said that its feedstock supplies shortage fell to 20% from 40% following …
Petrochem has suffered a 40% curtailment of feedstock supplies
29 September 11:16 AM Petrochem’s feedstock supplies restored to normal levels
Riyadh – Mubasher: The National Petrochemical Company (Petrochem) said that its feedstock supplies gradually improved and reached 100% of their regular levels on Thursday, 26 September. Petrochem has suffered a 40% curtailment of feedstock …
Tasnee’s net profits after zakat and tax fell by 25% in Q2-19
26 September 04:00 PM Tasnee feedstock supplies’ resume to normal levels
Riyadh – Mubasher: The National Industrialization Company (Tasnee) said that its feedstock supplies have reached their regular levels on Thursday, 26 September. Following attacks on Aramco’s oil facilities earlier in September, Tasnee announced …
The shipment will take place between 26 October and 5 November
26 September 10:38 AM Egypt buys 300,000 tonnes of wheat in int’l tender
Cairo – Mubasher: The Egyptian General Authority for Supply Commodities (GASC) has purchased 300,000 tonnes of wheat in an international tender, Reuters reported. The shipment will take place between 26 October and 5 November, the GASC said on …