barrel

Kuwaiti oil price down 72 cents to USD46.93 pb

Kuwait - WAM

The price of the Kuwaiti oil dropped by 72 cents to settle at USD46.93 per barrel (pb) Thursday compared with USD47.65 pb on Wednesday, said Kuwait Petroleum Corporation Friday. According to Kuwait News Agency, the price of the West Texas Intermediate went down by five cents to settle at USD46.73 per barrel, while the Brent Crude was stable at USD50.27Read more

US Oil Slides Below USD 50

New York - QNA

For the first time since the beginning of the year, US oil prices dropped below USD 50 a barrel . According to New York Mercantile Exchange (NYMEX) the Crude Oils Future Quotes opened at USD 50.22 a barrel to finish the day with a loss of more than USD 0.60 to settle below USD 50 for the first time sinceRead more

OPEC daily basket price for Monday, 28th November, 2016

Vienna - WAM

The price of OPEC basket of fourteen crudes stood at US$43.84 a barrel on Monday, compared with $44.88 the previous Friday, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Murban (UAE), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Rabi Light (Gabon), Minas (Indonesia), Iran Heavy (Iran), Basra Light (Iraq), Kuwait ExportRead more

Kuwaiti Oil Price Goes Down $40.03 pb

Kuwait - QNA

The price of Kuwaiti oil went down by 71 cents to USD 40.03 per barrel (pb) Monday after it was at USD 40.03 pb last Friday, said Kuwait Petroleum Corporation (KPC) on Wednesday. Meanwhile, the price of the Brent Crude went up by USD 2.52, hitting USD 46.95 pb, according to (KUNA) news agency. The American crude also wentRead more

Kuwaiti Oil Price Drops to $46.74 pb

Kuwait - QNA

The price of Kuwaiti oil dropped on Monday by 62 cents to USD 46.74 per barrel against USD 47.36 pb the previous day, said Kuwait Petroleum Corporation (KPC) on Tuesday. At the global level, the oil price settled at a low level, on Monday, due to jitters emanating from oversupply, despite forecast fall of the US shale oil production,Read more

Kuwait oil prices up by 61 cents

Kuwait City - MENA

The price of Kuwaiti crude oil went up on Thursday by 61 cents to reach 41.30 dollars per barrel. At the world markets, oil prices continued to rise for the second straight day.Read more

Kuwait Oil Price Down 88 cents to USD 40.80 pb

Kuwait - QNA

The price of Kuwaiti crude oil went down on Tuesday by 88 cents to USD 40.80 per barrel after being at USD 41.68 pb the day before, said Kuwait Petroleum Corporation (KPC) Wednesday. At the world markets, the price of oil decreased due to Brent crude finishing with a loss as traders eyed a pact between the worlds twoRead more

Price of Kuwaiti Crude Oil Goes up Monday

Kuwait - QNA

The price of Kuwaiti crude oil went up Monday USD 2.38 to USD 41.68 per barrel after being at USD 39.30 pb last Friday, said Kuwait Petroleum Corporation (KPC) Tuesday. At the world markets, oil prices shrank their gains following an agreement that was reached between Saudi Arabia and Russia to cooperate in order to bring back stability toRead more

$50-$60 ‘fair oil price for producers and consumers’

Hangzhou , China - Arab Today

Oil prices of between $50 and $60 per barrel would be fair for both producers and consumers, said Russian Energy Minister Alexander Novak. His remarks came as Kuwait and the UAE welcomed an agreement by Saudi Arabia and Russia to try jointly to stabilize oil prices. Kuwait “welcomes the consultations between Saudi Arabia and Russia about oil markets... and backsRead more

Kuwaiti Oil Price Down by USD1.41

Kuwait - QNA

The price of Kuwaiti oil went down Tuesday by USD 1.41 to settle USD 42.59 per barrel as oppose to USD 44 the day before, said Kuwait Petroleum Corporation (KPC) Thursday. The price of oil at the world market retreated yesterday due to US statistics regarding a sudden increase in crude reserves, according to (KUNA) news agency. TheRead more