Iraq: Iraqi crude oil exports have tumbled from 3.4 million barrels per day to between 1.5 million and 1.7 million barrels per day due to the closure of the Strait of Hormuz. Minister of Oil Basim Khudair said Saturday that the country’s current crude…
Libya: A drone slammed into an untreated naphtha storage tank at Libya’s Zawiya refinery Saturday, Azzawiya Oil Refining Company said in a statement.
According to Qatar News Agency, the impact caused a leak after the drone exploded at the tank wall,…
Muscat: The benchmark index of the Muscat Stock Exchange extended its gains for a second consecutive week, supported by increases in a number of leading stocks across the listed sectors. The index gained around 90 points over last week’s trading, foll…
Kuwait city: The price of Kuwaiti crude oil increased by USD 2.83, reaching USD 75.27 per barrel in Saturday’s trading session. This is a rise from the previous price of USD 72.44 per barrel recorded in Friday’s session, as reported by the Kuwait Petr…