Kuwait crude oil dropped 44 cents during Tuesday's trading to reach USD 73.11 per barrel compared with USD 73.55 pb the day before, Kuwait Petroleum Corporation (KPC) said Wednesday. Brent futures plunged USD 2.65 to USD 69.19 pb and West Texas Intermediate lost USD 2.96 to USD 65.75 pb. OPEC, yesterday, lowered global oil demand projections in 2024, saying it would increase by 2.03 million barrels per day, dropping from a projected 2.11 million bpd last month. US energy information department said global oil demand was expected to average 103.1 million bpd in 2024, up by 200,000 bpd than previous projections. Source: Kuwait News Agency
Recent Posts
Iran and Iraq Commit to Strengthening Border Security and Counterterrorism
September 23, 2026
Iranian President Pezeshkian Arrives in New York for UN General Assembly
September 23, 2026
US-Israeli Strike Leaves Minab School Seats Empty, Says First Vice President
September 23, 2026
Iran Sets Conditions for Negotiation and Reopening of Strait of Hormuz
September 23, 2026
Iran Equips Rebuilt Minab School with Smart Technology
September 23, 2026
Iran’s Acting Defense Minister Emphasizes Strategic Preparedness
September 23, 2026
Iranian President Extends National Day Greetings to Saudi Leaders
September 23, 2026
Iranian President Asserts Right to Self-Defense at UN General Assembly
September 23, 2026