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Kuwait supports OPEC+ “consensus”, minister says

KUWAIT, Kuwait supports any decision taken by OPEC+ based on “consensus” among member nations, Oil Minister Dr. Mohammad Al-Fares said on Sunday.”OPEC+ follows a well-established process in order to reach its decisions whereby, the Joint Ministerial Mo…

Kuwait oil price up 53 cents to USD 72.60 pb

KUWAIT, Kuwait oil price went up by 53 cents to USD 72.60 per barrel Friday after being at USD 72.07 pb the day before, said Kuwait Petroleum Corporation (KPC) on Saturday.As for the Brent crude and West Texas Intermediate prices, both went up respecti…

OPEC’s crudes price at USD 70.75 pb

VIENNA, The Organization of Petroleum Exporting Countries (OPEC) declared on Friday that the OPEC daily basket price stood at USD 70.75 a barrel Thursday (26 August 2021) compared with USD 70.59 the previous day.OPEC’s bulletin said the annual rate of …

Kuwait oil price up 40 cents to USD 72.07 pb

KUWAIT, Kuwait oil price went up by 40 cents to USD 72.07 per barrel Thursday after being at USD 71.67 pb the day before, said Kuwait Petroleum Corporation (KPC) on Friday.As for the Brent crude and West Texas Intermediate prices, both went down respec…