Market

Kuwait Crude Oil Price Falls by Nearly $3 per Barrel

Kuwait city: The price of Kuwaiti oil saw a significant decrease, dropping by USD 2.97 to USD 84.97 per barrel in Thursday’s trading. This is in contrast to the previous session, where the price stood at USD 87.94 per barrel, as reported by the Kuwait…

Libya Records Highest Daily Oil Production Rate Since 2014

Doha: Libya’s Akakus Oil Operations announced that it has achieved the highest daily crude oil production rate in July since 2014, with a production volume of approximately 332,056 barrels per day.

According to Qatar News Agency, the increase in pr…

Oil Prices Tumble Below $84 a Barrel

Doha: Oil prices tumbled on Wednesday, with Brent crude futures falling $1.11, or 1.31%, to $83.62 a barrel, while US West Texas Intermediate (WTI) crude futures shed 81 cents, or 1.02%, to $78.53 a barrel. The drop in prices comes after oil prices ha…