Stay updated with breaking news from Kuwait Export. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The Dubai futures contract moved into contango this month, for the first time in three years, with spot-traded medium sour grades across the Middle East continuing their decline amidst increasing availability and slackening demand.
There are several bullish factors that should push oil prices higher in 2023, and one of the principal ones is soaring Chinese demand
The December’s new price of a litre of Super 98 petrol will be sold at Dhs3.30 per litre in all fuel stations. It was Dhs3.32 per litre in October. Diesel will be sold at Dhs3.74. It was Dhs4.01 in October.
The move comes in line with the decision of the Executive Council, relating to the taxi tariff, which was set to be determined monthly depending on the fuel prices.
The price of OPEC basket of thirteen crudes stood at US$104.85 a barrel on Monday, compared with US$103.89 the previous Friday, according to OPEC Secretariat calculations.