International Markets

Brent futures rose by 1.4% to $57.67 per barrel
2 hours ago Brent surges to highest level since mid-2015
Mubasher: Brent crude oil expanded its gains during Monday trade, reaching its highest level in more than two years, with investors showing a positive sentiment regarding the output limitation agreement. Brent futures rose by 1.4% to the level of …
Gold has fallen by more than $70 per ounce in 2017
01:15 AM Gold down to $1,295 per ounce - Sabaek
Mubasher: Gold prices went down by $23 to reach $1,295 per ounce in last week's trading in New York New Mix market, according to Sabaek Al-Kuwait Company. Kuwait News Agency (KUNA) reported that the company added in its weekly report on Sunday …
Google signed a $1.1 billion dollar agreement with HTC Corporation to purchase a stake of its operations
21 September 01:02 PM Google buys $1.1bn stake in HTC
Mubasher: Google signed a $1.1 billion dollar agreement with HTC Corporation to purchase a stake of its operations. Alphabet Inc., Google's owner on Thursday stated that some of HTC’s employees will join Google, as well as Google will receive a …
He added that through BSO’s “low-latency and highly resilient connectivity service” traders can enjoy transparent and secure trading
20 September 01:52 PM DGCX enables trading from London via BSO
Dubai – Mubasher:  The Dubai Gold and Commodities Exchange (DGCX) announced that BSO Network Solutions enhanced its Market Data Connect service to enable direct trading and market data access between it and Interxion London. The service will give …
Kuwait’s crude oil decreased by 7 cents to reach $52.59 per barrel
20 September 11:27 AM Kuwait’s crude oil down 7 cents Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil decreased by 7 cents to reach $52.59 per barrel (pb) on Tuesday compared to $52.66 pb on Monday, according to a the latest data issued by the Kuwait Petroleum Corporation (KPC). The U.S. Energy Information …
The United States expected shale oil production to rise by 79,000 barrels per day
19 September 01:07 PM Kuwait crude oil up 36 cents Monday – KPC
By: Mohammad Farouk Mubasher: The price of Kuwait’s crude oil increased by 36 cents to reach $52.66 per barrel (pb) on Monday compared to $52.30 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the …
Emaar recently unveiled the Cove 1 in the region
18 September 09:31 AM Emaar launches Address Harbour Point
Dubai – Mubasher: Emaar Properties launched the two-tower Address Harbour Point in the heart of Dubai Creek Harbour, according to Al Bayan newspaper. The first tower is made up of 65 storeys and the second has 53 storeys, featuring a total of 202 …
Arab Monetary Fund’s headquarter in Abu Dhabi
17 September 04:21 PM Bitcoin poses challenges to central banks - AMF
Abu Dhabi – Mubasher: Arab Monetary Fund (AMF) chairman Abdulrahman Al Hamidy said on Sunday that the recent massive use of virtual currencies poses challenges to the central banks of Arab countries. The trading value of the Bitcoin has reached …
The price of Kuwait’s crude oil settled at $50.56 per barrel (pb) on Monday
12 September 12:11 PM Kuwait crude oil falls 82 cents Monday – KPC
Mubasher: The price of Kuwait’s crude oil went down 82 cents to settle at $50.56 per barrel (pb) on Monday compared to $51.38 pb on Friday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). An oil expert announced on …
Al Falih and Al Mazroui consider extending oil supply cuts beyond March 2018
11 September 07:13 PM KSA, UAE consider extending oil cuts
Riyadh – Mubasher: Saudi Arabia’s energy minister Khalid Al Falih and his UAE counterpart Suhail Al Mazroui on Monday agreed on considering the extension of oil supply cuts beyond March 2018 depending on market fundamentals. During their meeting …
Chinese CEFC to buy 14.16% stake in Russian Rosnesf at $9.1bn – Reuters
9 September 06:16 PM Chinese CEFC to buy 14.16% stake in Russian Rosnesf at $9.1bn – Reuters
Mubasher: China Energy Company Limited ‘CEFC’, which is an oil firm plans to purchase a 14.16% stake in the Russian oil company Rosneft at a value of $9.1 billion from a consortium of the Qatar Investment Authority (QIA), and Glencore. “The deal …
Nymex crude oil rose by 1%
7 September 05:33 PM Kuwait crude oil exceeds $50 level Wednesday – KPC
Mubasher: The price of Kuwait’s crude oil has exceeded the $50-level on Wednesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). The price of oil gained $1.38 to reach $50.75 per barrel (pb) on Wednesday compared …
Amazon’s profits went down 77% in the second quarter of 2017
7 September 05:15 PM Amazon to build new $5bn headquarters
Mubasher: Amazon announced that it plans to build a new headquarters in North America with $5 billion investments, according to a statement. Amazon stated on Thursday, 7 September, that it plans to build a second headquarters in North America, …
The demand on oil is likely to increase during the third quarter of 2017
7 September 04:02 PM Brent crude price to stay at $55 pb – Minister
Mubasher: The Kuwaiti oil minister predicted that the price of crude Brent oil would stay at its current levels in the coming period. OPEC’s strategy is heading in the right direction, minister Essam Al Marzouq said in a press announcement, noting …
The price of oil reached $49.37 per barrel
6 September 02:54 PM Kuwait crude oil approaches $50 level Tuesday – KPC
Mubasher: The price index of Kuwait’s crude oil increased by 19 cents on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). The price of oil reached $49.37 per barrel (pb) compared to $49.18 pb on Monday, …
The price of Kuwait's crude oil reached $49.18 per barrel
5 September 04:36 PM Kuwait crude oil up $1.26 Monday – KPC
Mubasher: The price of Kuwait’s crude oil increased by $1.26 to reach $49.18 per barrel (pb) on Monday compared to $47.92 pb, according to the latest data issued on the Kuwait Petroleum Corporation (KPC). It is noteworthy that Iran’s oil minister …
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4 September 09:46 PM Total sells stake in oil field to Kuwait
Mubasher: The French oil company Total announced on Monday that it has agreed to sell the remaining of its stake in the Norwegian oil field Gina Krog to Kuwait Foreign Petroleum Exploration Company (KUFPEC). As reported by Kuwait News Agency …
The auction will be held on Tuesday at 7:55 GMT
4 September 07:53 PM Oman to sell 1m oil barrels in DME
Mubasher: Oman is planning to sell more quantities of crude oil in November to maximize the use of the strong demand in Asia, according to Reuters. Sources said that the Omani ministry of oil and gas will hold an auction in the Dubai Mercantile …
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19 September 07:51 PM KOTC negates rumors about sinking tanker
Mubasher: Kuwait Oil Tankers Company (KOTC) has denied that one of its tankers had sunk, according to an official statement issued on Sunday. The KOTC said in its statement that reports on social media saying a KOTC tanker had sunk off Oman were …
The Central Bank of the Republic of China
3 September 08:46 PM China's inflation rate could rise 1.7% this month
Mubasher: The consumer price index (CPI) in China is expected to grow in August by around 1.5% to 1.7% according to the Bank of Communications. The actual numbers will be released by the National Bureau of Statistics (NBS) on 9 September, as …
The price of oil decrease in line with expectations of higher fuel reserves
30 August 11:29 AM Kuwait crude oil down 40 cents Tuesday – KPC
Mubasher: The price of Kuwait’s crude oil closed Tuesday 40 cents lower at $48.28 per barrel (pb) as compared to $48.68 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). At the global level, the price of …
Emirate’s minister of energy Suhail Al Mazrouei
28 August 01:46 PM ADNOC cuts production to conform with OPEC decision
Abu Dhabi – Mubasher: The UAE's minister of energy Suhail Al Mazrouei on Monday said, via his Twitter account, that the Abu Dhabi National Oil Company (ADNOC) announced monthly nomination cuts throughout 2017 in line with the UAE’s commitment to …
A cut in Iraqi oil production could affect economic growth this year
26 August 04:56 PM S&P confirms Iraq credit rating
Mubasher: Standard and Poor's (S&P) on Friday confirmed Iraq’s credit rating at B-/B with a stable outlook, according to a recent report. However, the credit rating agency predicted a cut in oil production would affect economic growth in 2017. The …
The Kuwaiti minister of oil Minister Essam Al Marzouq
25 August 10:33 PM Kuwait contains small oil spillage - Minister
Mubasher: The Kuwaiti minister of oil minister, Essam Al Marzouq said that a small oil spillage was discovered near Qaruh Island in Kuwait on Friday, adding that ships owned by the Kuwait Oil Company (KOC) have managed to contain the situation. Al …
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25 August 08:49 PM KOC completed 3D surveillance of Kuwait bay
Mubasher: Kuwait Oil Company (KOC) has conducted 3D surveillance of Kuwait bay and surrounding locations, according to the Kuwait News Agency (KUNA). The company said in a statement on Thursday that the survey area totalled 3,300 square …