Kuwait Foreign Petroleum Exploration Company (KUFPEC) said Thursday its subsidiary (KUFPEC Norway AS) has divested its 10 percent equity in the Yme field by selling its 10 percent working interest in Production Licenses PL 316 and PL 316 B to Lime Petr…
– Kuwaiti crude oil rose by USD 1.57 during Wednesday’s trading sessions to close at USD 83.05 per barrel, compared with USD 81.48 pb the day before, Kuwait Petroleum Corporation (KPC) said Thursday.Brent futures also went up by USD 1.40 to USD 85.09 p…
Kuwait’s Burgan Bank on Wednesday announced a net profit of KD 52.13 million (about USD 157.9 million) for the financial year ended on December 31, 2022, compared with KD 45.3 million (about USD 137.8 million) in 2021, up 15 percent.Earnings per share…
Years after being closed due to the impact of the COVID-19 pandemic, the youth initiative exhibition returned to the scene with some 400 small to medium business owners partaking in the event.The exhibition — held at historical market of Souq Al-Mubar…
Kuwait’s trade surplus with Japan jumped 27.7 percent from a year earlier to JPY 84.8 billion (USD 663 million) in December, up for the 21st consecutive month, as exports continued to outpace imports, government data showed Thursday.Kuwait stayed in b…
The US dollar stabilized on Thursday at KD 0.305, as well as the Euro at KD 0.329, compared to Wednesday’s rates.The Central Bank of Kuwait (CBK) said in its daily bulletin that the British sterling pound went up by 0.35 percent to reach KD 0.376, as …
KUWAIT, Kuwaiti oil price rose by 79 cents to USD 84.72 in Tuesday’s trading sessions, compared to USD 83.93 pb Monday, Kuwait Petroleum Corporation (KPC) said Wednesday.Brent crude oil futures increased by 2.53 percent to USD 86.06 pb and West Texas I…
VIENNA, The price of OPEC crude basket fell to USD 79.68 a barrel last December, a decrease of USD 10.05, equivalent to 11.2 percent, said OPEC on Tuesday.In its monthly report, OPEC stated that the Brent crude price decreased in December 2022 by USD 9…
KUWAIT, Kuwaiti oil price rose by 76 cents to USD 83.93 pb in Monday’s trading sessions, compared to USD 83.17 pb Friday, Kuwait Petroleum Corporation (KPC) said Tuesday.Brent crude oil futures fell by USD 1.08 to USD 84.20 pb and the West Texas Interm…
WASHINGTON, US President Joe Biden renewed his country’s commitment Tuesday to support the United Arab Emirates, marking the first anniversary of a terrorist attack carried out from Yemen on the Gulf Arab country.”We remember the lives that were so tra…