August 29, 2024

US Crude Oil, Gasoline Inventories Fell Last Week

The US Energy Information Administration announced Wednesday that crude oil and gasoline inventories in the United States fell last week.

The administration, which is the statistical arm of the US Department of Energy, said in a statement that crude …

Kuwait Oil Barrel Price Falls USD 1.79

Kuwait’s oil barrel fell USD 1.79 to USD 78.67 per barrel in trade on Wednesday against USD 80.46 in trading on Tuesday, according to Kuwait Petroleum Corporation (KPC) reported price.

In global markets, Brent crude futures fell 90 cents to set the s…

Iraq Affirms Commitment to OPEC Policy Regarding Oil Production

Iraqi Prime Minister Mohammed Shia al-Sudani affirmed his country’s commitment to the Organization of the Petroleum Exporting Countries (OPEC) policy regarding oil production.

This came during the Iraqi Prime Minister’s meeting Thursday with OPEC Sec…