Kuwait oil recovers to $21.9 per barrel

Kuwait – Mubasher: Kuwaiti oil prices rebounded on Friday to reach $21.91 per barrel, a rise of $2.4 pb compared with $19.5 pb on Thursday.

The country's oil revenues fell by nearly $20 billion in the first nine months of the fiscal year 2015/2016.

Kuwait's oil production amounts to around 3 million barrel per day, or 3% of global output.

In November, Kuwait's total revenues reached KWD 10.42 billion, against KWD 11.18 billion spending, with KWD 782 million deficit.

Mubasher Contribution Time: 23-Jan-2016 08:29 (GMT)