Production

The 8th OPEC International Energy Seminar is due to kick off later on Wednesday — themed “towards a sustainable and inclusive energy transition” — with participation of the Kuwaiti Minister of Oil Saad Al-Barrak.Its agenda focuses on energy security…

Egypt signed on Wednesday an investment deal worth USD five billion to build a wind power plant project in the West Sohag region in southern Egypt.The Egyptian Cabinet said in a statement that according to the agreement signed by the Ministry of Elect…

Muscat Stock Exchange (MSX) index “30” closed on Wednesday at 4,786.02 points, down by 2.9 points, or by 0.19 percent, compared to the last trading session, which amounted to 4,795.19 points.The trading value amounted to OMR 1,244,962 million, down by …

Qatar Stock Exchange (QSE) general index on Wednesday gained 18.35 points (0.18 percent), to close at 10,272.57 points.A total of 159,871,792 shares were traded, with a value of QR 419,891,320.116 from 15195 transactions in all sectors.Of the listed co…

Kuwait Petroleum Corporation (KPC) announced on Monday its liquefied natural gas (LNG) prices, namely propane and butane, for July.In a press release sent to KUNA, the KPC added that a propane metric ton would be sold for USD 400 during July, and a but…

US Secretary of the Treasury Janet L. Yellen will travel to Beijing from July 6-9 for meetings with senior Chinese officials.Secretary Yellen’s travel follows President Joe Biden’s directive after his meeting with President Xi last November to deepen c…

The US dollar remained stable on Monday vis a vis the Kuwaiti Dinar at KD 0.307 and the euro rose by 0.11 percent settling at KD 0.335 compared to last Monday’s exchange rates.The Central Bank of Kuwait said in its daily bulletin that the sterling poun…

Oil prices slipped in early Asian trade on Monday as global macroeconomic headwinds and possible further interest rate hikes from the US Federal Reserves offset forecasts of tighter supplies amid OPEC+ cuts.Brent crude futures dropped 20 cents, or 0.3…