Business

Iraq Halts West Qurna-2 Oil Pumping, Cuts Output by Half

Basra: Iraq’s Basra Oil Company announced a complete suspension of pumping operations from the West Qurna-2 oil field, leading to a 50% reduction in output due to force majeure and a shortage of tankers.

According to Qatar News Agency, the productio…

Saudi Stock Market Closes Lower

Doha: Saudi Arabia’s main stock index ended the session down 27.19 points at 11,006.80, with turnover reaching SAR 4.9 billion. A total of 241 million shares were traded, with 158 companies posting gains while 98 recorded declines.

According to Qata…

US Stocks Open Mixed as Wall Street Trading Begins

New york: Major US stock indexes opened mixed on Wednesday as trading began on Wall Street. The Dow Jones Industrial Average fell 6.1 points, or 0.01 percent, at the open to 51,660.75, indicating a slight drop in investor confidence.

According to Qa…

Kuwaiti Oil Price Drops by USD 1.48 in Latest Trading Session

Kuwait city: The price of Kuwaiti oil decreased by USD 1.48, settling at USD 83.59 per barrel in Wednesday’s trading session, down from USD 85.07 per barrel in the previous session. This information was provided by the Kuwait Petroleum Corporation (KP…