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Category: Industry

Kuwaiti Oil Drops $9 a Barrel

Kuwait: Kuwait oil prices dropped $9.81 on Tuesday to $113.13 per barrel compared with $122.94 per barrel the day before, Kuwait Petroleum Corporation (KPC) said Wednesday.

According to Qatar News Agency, Brent futures dropped by $7.50 to $91.40 per…

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IEA: All Options on Table to Curb Soaring Oil Prices

Paris: Executive Director of the International Energy Agency (IEA) Fatih Birol has said that the G7 finance ministers’ meeting addressed the possibility of using strategic oil reserves, if necessary, to curb the sharp rise in oil prices caused by the …

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