KUWAIT, The price of Kuwaiti oil went up USD 1.31 pb to reach USD 81.26 pb on Tuesday, compared to USD 79.95 pb on Monday, according to Kuwait Petroleum Corporation (KPC) on Wednesday. On a global scale, the Brent crude futures' contracts went down USD 1.61 pb to settle at USD 80.69 pb, as did the West Texas Intermediate, which went down USD 1.71 pb to USD 78.35 pb. In its monthly report, the International Energy Agency (IEA) kept its predictions of global oil demand growth for 2024 unchanged but trimmed its estimate for 2025, noting the impact of weak Chinese consumption on global economic growth. Markets await the US CPI report, which will give a crucial reading of inflation rates there. 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