Oil prices fell by more than one percent on Wednesday, as concerns about demand in China persisted and the risks of a broader economic slowdown increased.

Brent crude futures fell by $1.15, or 1.45 %, to $78.40 a barrel, while US West Texas Intermed…

Deputy Prime Minister for Energy Affairs, Minister of Oil Hayan Abdul-Ghani chaired today, Wednesday, the meeting of the Ministerial Council for Energy in its seventh regular session for the year 2024.

According to a statement by the Ministry of Oil…

Deputy Prime Minister for Energy Affairs, Minister of Oil Hayan Abdul-Ghani Al-Sawad met today with the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) Haitham Al-Ghais.

During the meeting, they discussed enhancing …

Basra Heavy and Medium crude prices rose today, Wednesday, as oil prices rose in global markets.

Basra Heavy crude prices rose $1.4 to $75.61, while Basra Medium crude prices rose $1.4 to $78.61.

Oil prices rose, after a sharp decline in the previo…

Minister of Finance Taif Sami chaired today a coordination meeting with the international auditing and oversight firm Ernst and Young, to follow up on the ongoing technical plans to merge and organize the work of Rafidain and Rashid Banks and insura…

The Kuwait Finance House (KFH) announced on Tuesday the completion of converting Ahli United Bank-UK conventional banking services to be compliant with Shariah principles.

KFH Group Chairman, Hamad Al-Marzouq said that this achievement builds on the…

Minister of Finance Taif Sami chaired today a coordination meeting with the international auditing and oversight firm Ernst and Young, to follow up on the ongoing technical plans to merge and organize the work of Rafidain and Rashid Banks and insura…