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Shell Profit Rises to $6.9 Billion in 1st Quarter 2026

London: First-quarter adjusted earnings, Shell’s definition of net profit, rose to $6.92 billion, on Thursday. Shell reported adjusted earnings of $5.58 billion over the same period a year ago. At the same time, Shell cut its quarterly share buy-back …

Kuwaiti Oil Price Drops by $2.91 a Barrel

Kuwait: Kuwaiti oil prices dropped by $2.91 on Wednesday to $120.47 per barrel compared with $123.38 per barrel the day before, according to Kuwait Petroleum Corporation (KPC).

According to Qatar News Agency, in global markets, Brent crude futures d…

Dollar Weakens on Hopes for Middle East De-escalation

Kuwait: The dollar remained on the defensive on Thursday as hopes for a de-escalation in the Iran-US war: That left the dollar index back at 97.950 and well short of last week’s top of 99.092.

According to Qatar News Agency, the pullback in oil had …