Mubasher: The price of Kuwait’s crude oil increased by 16 cents to settle at $74.82 per barrel (pb) on Monday, compared to $74.66 pb on Friday, according to the latest data by the Kuwait Petroleum Corporation (KPC).
At the global level, oil prices declined for the first time in five sessions in line with an increase of crude oil output from the world’s largest oil producers.
The Russian production of crude oil increased to 11.06 million barrels per day (pbd) in June for the first time since April 2017, as reported by the energy ministry.
