Borsat Al Khaleej Live Support
04/05/2026 04:52 AST
Kuwait's oil production is expected to reach 2.628 million barrels per day in June, the state news agency (KUNA) quoted the country's oil minister as ?saying on Sunday.
Seven ?OPEC+ countries will raise oil output targets by 188,000 barrels per ?day in June, the third consecutive monthly increase, OPEC+ said in a statement after an online meeting.
The output targets are largely symbolic ?for ?now, as Gulf countries have had to curtail production while the Strait of Hormuz is shut during the Iran war.
Asharq Al Awsat
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Brent | 100.25 | -3.12 | -3.02 |
| WTI | 94.72 | -2.94 | -3.01 |
| OPEC Basket | 106.46 | -5.8 | -5.17 |
13/05/2026
Oil prices rose nearly 1 percent on Tuesday as talks ?to end the US-Israeli war on Iran appeared fragile, with Tehran's response to a Washington proposal highlighting stark differences that have kept
Reuters
12/05/2026
The ongoing energy supply shock is the largest the world has ever experienced, and continued disruption of the Strait of Hormuz could delay oil market normalization into 2027, Saudi Aramco CEO Amin N
Asharq Al Awsat
12/05/2026
Oil prices rose on Monday as the Middle East tensions appear to drag on for longer after President Donald Trump once again rejected Iran's latest proposal to end the conflict.
The price for
AP
12/05/2026
Oil prices rallied on Monday, a day after President Donald Trump said Iran's response to a US proposal was "unacceptable," raising supply fears as the Strait of Hormuz stayed largely closed, which ke
Arab News
08/05/2026
Oil prices rose over $1 on Thursday, rebounding from the previous day's sharp losses, as investors weighed ?the prospects of a Middle East peace deal succeeding.
Brent crude futures were up
Reuters