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Saturday , October 24 2020


Kuwait Oil Minister confirms oil OPEC+ deal, deems it historic

KUWAIT, April 12 (KUNA) — Oil Minister Khaled Al-Fadhel on Sunday confirmed that OPEC and non-OPEC oil producing states had worked out a deal to …

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NBK donates KD 1 million to KRCS

Part of bank’s role to support coronavirus response KUWAIT CITY, April 12: National Bank of Kuwait (NBK) announced that it is donating KWD 1 million …

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Oil producing nations in patched up ‘agreement’ – Deal to stabilize market

FINALLY after three days of negotiations among OPEC, its “Plus” partners and G20, an acceptable conclusion has been achieved, providing certain assurances to OPEC-Plus in …

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MP faults CBK governor for failure to probe bank fraud

KUWAIT CITY, April 12: Minister of Finance Barrak Al-Shitan should have suspended the Central Bank of Kuwait (CBK) governor for failure to investigate the fraud …

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Coronavirus undermines oil market fundamentals, oil prices remains shaken

VIENNA, April 11 (KUNA) — OPEC member states, especially Saudi Arabia and Russia, which are the largest exporter from outside the organization, agreed to cut …

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Kuwait oil price up 22 cents to USD 19.96 pb

KUWAIT, April 10 (KUNA) — The price of Kuwaiti oil went up by 22 cents to USD 19.96 per barrel Thursday after it was at …

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Saudi Arabia says 10M-barrel-a-day cut starts OPEC+ deal

DUBAI, United Arab Emirates (AP) – A proposed reduction in oil production by OPEC and other oil-producing countries including Russia involves a 10 million barrels …

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Kuwait oil price down to USD 19.74 pb

KUWAIT, April 9: The price of Kuwaiti oil went down by USD 1.46 to USD 19.74 per barrel Wednesday after being at USD 21.20 pb …

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Kuwait oil price down 91 cents to USD 21.20 pb

KUWAIT, April 8: Price of Kuwaiti crude oil went down 91 cents to USD 21.20 per barrel (pb) in Tuesday’s trades against USD 22.11 pb …

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Fitch rating testifies to Kuwait’s strong fiscal position – Min.

KUWAIT, April 7 (KUNA) — Minister of Finance Barrak Al-Shaitan hailed Fitch Ratings affirmation earlier Tuesday of Kuwait’s long-term foreign-currency Issuer Default Rating (IDR) at …

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