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Kuwaiti Crude Oil Price Drops USD 8.38 per Barrel

Kuwait city: The price of Kuwaiti crude oil declined by USD 8.38 to USD 94.01 per barrel in Friday’s trading, compared to USD 102.39 per barrel in the previous session. This information was released by the Kuwait Petroleum Corporation, reflecting a si…

KPC Announces USD 16 Billion Foreign Investment

Kuwait city: Kuwait Petroleum Corporation (KPC) announced Saturday that its subsidiary, Kuwait Oil Company (KOC), has signed a USD 16 billion lease and leaseback agreement for its domestic crude oil export pipeline network (the Shaheen Project) with a…

Cyclical Factors Support US Dollar Amid Structural Challenges

Doha: Qatar National Bank (QNB) said in its latest weekly economic commentary that while mounting structural headwinds continue to weigh on the US dollar’s long-term outlook, cyclical factors remain the dominant drivers underpinning the currency’s res…