Browsing: Brent Crude

UAE announced reduced retail fuel prices for September 2024, with a cut of up to 0.15 fils per litre compared to August.

The price of Kuwait oil has seen a significant decrease, dropping by $4.04 to $80.18…

Asian shares experienced mixed trading on Thursday, influenced by divergent regional developments and a retreat…

Oil futures rose during Monday’s morning trading following Saudi Arabia’s decision to increase June crude prices for most regions. The possibility of an immediate ceasefire in Gaza diminishing also contributed to the strengthening of crude prices.

After a relatively calm beginning to the week, marked by achievable gains, the conclusion of this trading week has seen turmoil sweep through equity markets across the globe. It has been a tumultuous period for traders, whether on Wall Street or Dalal Street.

OPEC+ nations, spearheaded by Saudi Arabia and Russia, concurred on Sunday to prolong voluntary cuts in oil production by 2.2 million barrels per day (bpd) through the second quarter.

The cost of Kuwaiti oil increased by $1.79 to $81.22 per barrel on Friday, compared to the $79.43 pb reported on Thursday,

The Kuwait Petroleum Corporation (KPC) reported a decrease in the price of Kuwaiti oil on Friday, falling by US$2.44 to $82.27 per barrel, as opposed to the previous day’s $84.71 per barrel. As outlined by the Kuwait News Agency (KUNA), Brent Crude and West Texas Intermediate experienced increases in the global markets, rising by $3.19 and $2.99. They settled at $80.61 per barrel and $75.89 per barrel, respectively, according to WAM.