Kuwait oil price down 3 cents to $64.72

25/03/2018 07:10 AST

The price of Kuwaiti oil went down three cents to reach $64.72 per barrel on Friday after it was at $64.75 per barrel the day before, the Kuwait Petroleum Corporation said on Saturday.

According to the Kuwait News Agency (KUNA), on a global level, oil prices went up after a statement by the Saudi energy minister from Washington saying that collaboration among Opec and non-Opec members "won't stop once the market is in balance. We'll be on together in 2019 and beyond, and always ready to step in to adjust production to stabilise the market."

The Brent Blend was up $1.54 to reach $70.45 per barrel, the same case with the West Texas Intermediate; up $1.58 to $65.88 per barrel, KUNA said.


Trade Arabia

Most Viewed Companies

Ticker Price Volume
ALDREES 144.00 233,498
MABANEE 845.00 301,561
RIBL 24.84 6,676,931

Crude Oil

(In US Dollar) Change Change(%)
Brent 72.94 0.06 0.08
WTI 72.94 0.06 0.08
OPEC Basket 72.88 -0.85 -1.15

Recent News

Opec output falls to lowest in a year as Venezuela's woes deepen

05/04/2018

Opec crude production dropped to the lowest in a year amid the woes in Venezuela's oil industry. Output from the 14 members of Organisation of Petroleum Exporting Countries fell by 170,000 barrels to

Gulf News

Oil extends rally after US rigs decline as Iran risks persist

03/04/2018

Oil's rally above $65 a barrel is being propelled by a sign that American explorers have curtailed drilling activity as well as ongoing speculation that the US could reimpose sanctions on Opec produc

Gulf News

Opec seeks sustainable cooperation with other exporters

29/03/2018

The Organization of the Petroleum Exporting Countries (Opec) is seeking "very long-term" cooperation with other crude exporters, the secretary general of the oil exporting group said on Wednesday.

The Gulf Today

OPEC, Russia working on longer oil alliance

28/03/2018

Saudi Arabia and Russia are working on a long-term oil pact that could extend controls over world crude supplies by major exporters for up to 20 years, the Kingdom's crown prince has said.

Arab News

Oil prices likely to rise into high 60s

27/03/2018

International oil prices are likely to tick up into the "high-sixties" further into 2018, according to Dr Mohammed bin Hamad al Rumhy, (pictured) Minister of Oil and Gas. Speaking at the opening of t

Oman Daily Observer

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap