Kuwaiti crude down $0.75 to $47.80 per barrel
Kuwaiti crude oil
Kuwait - KUNA
Price of Kuwait's crude oil went down by USD 0.75 on Friday to USD 47.80 per barrel, compared to USD 48.37 pb on Thursday, the Kuwait Petroleum Corporation (KPC) Saturday.
In the global market, the future contracts of the Brent Mix for May delivery went up by USD 0.89 to reach USD 55.32 pb. The price for American crude oil for April delivery also went up by USD 1.67 to reach USD 45.72 pb.
The hike in prices was attributed to the decrease in the value for the US dollar which lessened fears of supplies surpassing demands.
However, an agreement between Iran and world powers concerning the Iranian nuclear program might led to the increase of Iran's production of oil which consequently would increase the global supplies of oil.
- Friday ,14 December GMT 18:55 2018 Libya’s National Oil against paying ‘ransom’ to reopen El Sharara field
- Sunday ,09 December GMT 13:35 2018 OPEC+ deal to ensure stability of oil price, that is positive for Russia
- Thursday ,06 December GMT 13:29 2018 Major oil exporters mull supply cut amid internal rifts, US demands
GMT 18:55 2018 Friday ,14 December
Libya’s National Oil against paying ‘ransom’ to reopen El Sharara fieldGMT 22:22 2018 Thursday ,13 December
Turkey starts building land part of Turkish Stream pipelineGMT 13:35 2018 Sunday ,09 December
OPEC+ deal to ensure stability of oil price, that is positive for RussiaGMT 14:30 2018 Friday ,07 December
Major oil producers haggle over production cutGMT 13:29 2018 Thursday ,06 December
Major oil exporters mull supply cut amid internal rifts, US demandsGMT 09:30 2018 Monday ,03 December
Qatar says it is withdrawing from OPEC on January 1GMT 21:00 2018 Sunday ,25 November
Oil prices plummet amid U.S. drilling rigs downGMT 17:28 2018 Friday ,16 November
OPEC Basket Price Stood, at over $65.2, on ThursdayRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 07:27 2019 Tuesday ,20 August
Think of a new strategy and give you a variety of possibilities
GMT 05:03 2017 Monday ,10 April
Investors flock to macro hedge funds
GMT 09:06 2024 Thursday ,08 February
Meghan presents fashion award to wedding dress designer Waight Keller
GMT 17:47 2017 Monday ,09 October
Egypt's Khattab gets 11 votes
GMT 16:11 2016 Tuesday ,14 June
US Gas gains as hot weather seen stoking demand, trimming glutGMT 15:18 2012 Wednesday ,25 January
Energy Conservation in Our Artificial Habitats
GMT 08:19 2015 Monday ,14 December
Takanashi, Prevc on top in Russia
GMT 09:38 2017 Friday ,30 June
Tunisian security arrested 13 members
GMT 07:19 2017 Tuesday ,29 August
Indonesian becomes official Haj guest
GMT 18:53 2013 Friday ,23 August
Loic Remy is top signing for Newcastle
GMT 11:00 2017 Wednesday ,13 December
Beauty and lifestyle magazine seeks red eye make-up
GMT 13:08 2017 Saturday ,28 October
Al-Asbahy says team ready for finalGMT 04:29 2012 Tuesday ,17 April
Whitney Houston\'s ex denies drunk driving
GMT 08:49 2017 Thursday ,23 November
Study sees link between pollution
GMT 16:25 2014 Thursday ,06 March
Moammar Gaddafi\'s son Saadi in Libyan custody
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor