Kuwaiti Oil Price Increases by 0.5%

• Monday, 26th February 2018
• by Sarah Samir

Kuwait’s oil price has increased by 0.525% in the past few days, Kuwait News Agency (KUNA) reported. The price reached $61.24 per barrel on February 19th, compared to $60.92 per barrel on February 15th. The Brent pric...

Brent Price Tops $60 per Barrel

• Sunday, 29th October 2017
• by Sarah Samir

The price of Brent crude oil climbed to over $60 per barrel during Friday’s trading, Bloomberg reports. The last time Brent crude surpassed $60 per barrel was in 2015. At the close of trading on Friday, the price benc...

Oil Markets Edge Upward

• Wednesday, 2nd August 2017
• by Sarah Samir

Global oil markets witnessed higher prices for a second month after the US crude market tightened following a renewed calls for the US to sanction Venezuela’s oil industry, reports Amwal Al Ghad. Brent crude futures w...

Saudi Arabia Cuts Oil Supplies to the US

• Sunday, 26th March 2017
• by Sarah Samir

Oil prices moved higher late March after Saudi Arabia announced the reduction in its exports to the United States (US), Reuters reported. According to the kingdom, Saudi Arabia’s oil exports to the US will decre...

Egypt to Reduce Fuel Subsidies

• Monday, 10th October 2016
• by Sarah Samir

The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla, stated that Egypt is studying every possible method including increasing prices in order to reduce fuel subsidy’s expenditure in fiscal y...