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OPEC energy and oil ministers met on Wednesday to express appreciation for voluntary oil production cuts in August worth 1 million barrels per day by members Saudi Arabia and 20,000 bpd by Algeria and non-OPEC member, Russia, worth 500,000 bpd.The tal…
Kuwait crude oil lost five cents during Tuesday’s trading sessions to reach USD 77.18 per barrel compared with USD 77.23 pb the day before, Kuwait Petroleum Corporation (KPC) said Wednesday.Brent futures rose USD 1.60 to USD 76.25 pb and West Texas In…
GNU-Minister of Oil and Gas, Mohamed Aoun, welcomed Saudi Arabia’s decision to extend the voluntary reduction of its oil production by one million barrels per day.Aoun, on the ministry’s Facebook page, described the Saudi decision as a positive step fo…
The head of the Jenin Chamber of Commerce and Industry, Ammar Abu Bakr, said today that the city suffers from a great shortage of food supplies as a result of the ongoing Israeli siege and aggression on Jenin and its refugee camp.Abu Bakr told WAFA th…
The price of the gasoline canister dropped on Tuesday by LBP 2,000 and that of LP gas by LBP 18,000, while the price of diesel rose by LBP 1,000.Prices are consequently as follows:95-octane gasoline: LBP 1, 626,00098-octane gasoline: LBP 1,666,000Dies…
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…
The Prime Minister of the Government of National Unity, “Abdul Hamid al-Dabaiba,” met with the Chairman of the Board of Directors of the National Oil Corporation, Farhat bin Qadara, at the Prime Minister’s Office in the capital, Tripoli.The meeting dis…
The Chairman of the Energy and Natural Resources Committee in the House of Representatives (HoR), Essa Arebi, denounced the statement of the US Ambassador, Richard Norland, and Special Envoy to Libya about Libyan oil and considered it an interference i…
Cairo: Egyptian Prime Minister Mostafa Madbouly has announced a strategic initiative to establish a regional grain logistics hub in the