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QatarEnergy Announces New Oil Discovery Offshore Namibia

Doha: QatarEnergy announced an oil discovery with encouraging results from the Merlin-1X exploration well in the Petroleum Exploration License 39 (PEL 0039), offshore Namibia.

According to Qatar News Agency, Merlin-1X is the tenth well drilled under…

Japanese Stocks Close Higher as Chip-Related Heavyweights Recover

Japan: Japan’s Nikkei share average ended higher on Tuesday, as chip-related heavyweights recovered from heavy losses in the previous session. The Nikkei closed up 2.17% at 65,416.63. The index fell 3.85% on Monday, its largest one-day loss in three m…

Kuwaiti Oil Price Rises by USD 2.42

Kuwait city: The price of Kuwaiti oil increased by USD 2.42, reaching USD 106.24 per barrel in Tuesday’s trading session. This marks a rise from the previous session’s price of USD 103.82 per barrel, as per the latest figures released by the Kuwait Pe…