Market

Kuwaiti Oil Barrel Price Drops

Kuwait city: The price of the Kuwaiti oil barrel went down USD 22.27 to reach USD 124.15 per barrel on Wednesday, compared with USD 146.42 pb the previous day, according to a statement issued by the Kuwait Petroleum Corporation (KPC) on Thursday.

Ac…

US Import Prices Hit Highest Increase in 4 Years

Doha: US import prices in February recorded their largest increase in four years, driven by a surge in energy costs amid the Middle East conflict, reinforcing signs of accelerating inflation in the coming months.

According to Qatar News Agency, the…

Turkiye Warns Middle East Tensions Could Impact Global Economy

Ankara: Turkish Minister of Energy Alparslan Bayraktar has warned that the ongoing geopolitical crisis in the Middle East could escalate to a level affecting the global economy. Speaking to the press on Wednesday, Bayraktar described the current tensi…