Al Kuwaitiah  

Sunday, October 25, 2020

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Kuwait oil price down 9 cents to USD 26.96 pb
The price of Kuwaiti oil went down by nine cents to settle at USD 26.96 per barrel Monday after being at USD 27.05 pb last Friday, said a statement by Kuwait Petroleum Corporation (KPC) Tuesday.
 
On the global level, the price went up by six percent yesterday due reports revealing that a decrease might occur to the production US Shale oil by 600,000 and 200,000 barrels per day in 2016 and 2017 respectively.
 
The price of the Brent mix went up by USD 1.68 to reach USD 34.69 per barrel while the price of American crude also went up by USD 1.84 to reach USD 31.48 pb.
 
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