January 31, 2023

Kuwait oil price down USD 1.77 to USD 84.65 pb

The price of Kuwaiti oil went down by USD 1.77 to USD 84.65 per barrel on Monday as opposed to USD 86.42 pb last Friday, said Kuwait Petroleum Corporation (KPC) on Tuesday.The prices of the Brent crude and the West Texas Intermediate, which down respe…

Kuwait’s December crude oil exports to Japan up 19.4 Pct

– Kuwait’s crude oil exports to Japan in December jumped 19.4 percent from a year earlier to 8.11 million barrels, or 262,000 barrels per day (bpd), for the first increase in four months, government data showed Tuesday.As Japan’s third-biggest oil prov…

Kuwait Amir patronizes flag hoisting ceremony at Bayan Palace Wed.

His Highness the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah will patronize the Kuwaiti flag hoisting ceremony at Bayan Palace on Wednesday.His Highness the Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah will represent His Highness the Amir dur…

Kuwait budget deficit for FY 2023-2024 to exceed KD 5 bln

Kuwait will likely post a budget deficit for the fiscal year 2023-2024 of more than KD five billion (USD 16.3 billion,) a finance ministry forecast showed on Tuesday, saying the figure takes into account profits of independent state bodies.The ministry…