Forgot your password?

Back to login

Kuwait oil price down USD 1.38 to USD 20.22 pb
January 19, 2016, 11:15 am

The price of Kuwaiti oil went down by USD 1.38 Monday to reach USD 20.22 per barrel after being USD 21.70 pb the day before, said a statement by Kuwait Petroleum Corporation (KPC) Tuesday.

At the global level, the price of oil plummeted to the lowest rate since 2003. The impending resumption of Iranian oil production was also another factor in the drop due to the high levels of supplies in the market.

The Brent mix was at USD 28.17 per barrel. The price American crude also went down by 0.64 cents to settle at USD 28.78 pb. 

Source: KUNA

Share your views

"It is hard to fail, but it is worse never to have tried to succeed."

"Envy comes from wanting something that isn't yours. But grief comes from losing something you've already had."

Photo Gallery