Business

OPEC crudes’ basket up USD 1.73 to USD 104.39 pb

VIENNA, Price of OPEC’s basket of oil rose by USD 1.73 to USD 104.39 per barrel on Friday against USD 102.66 pb on Thursday, the organization reported Monday.Bulletin of the Organization of Petroleum Exporting Countries (OPEC) added that the monthly ra…

KPC exports ultra-low sulfur diesel to Europe

– Kuwait Petroleum Corporation (KPC) exported the first batch of Ultra-low sulfur diesel (ULSD) to Naples, Italy, as part of a strategy to meet the demands of the international market, said an official Wednesday.Deputy Managing Director of Global Sales…

Kuwait Oil Min. touts OPEC+ success in managing oil markets

Kuwaiti Deputy Prime Minister and Minister of Oil Dr. Mohammad Al-Fares said Thursday the OPEC Plus alliance succeeded in managing the oil markets through a larger production increase than planned during July and August 2022.Al-Fares, who doubles as Mi…