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February 5, 2026

US Crude Oil, Distillate Inventories Decline

Washington: The US Energy Information Administration (EIA) announced a decline in US crude oil and distillate inventories, while gasoline inventories rose last week.

According to Qatar News Agency, the EIA, the statistical arm of the US Department of…

Kuwaiti Oil Price Rises by Over a Dollar per Barrel

Kuwait city: The price of Kuwaiti crude oil rose to USD 65.17 per barrel in yesterday’s trading, compared with USD 63.52 per barrel the previous day, an increase of USD 1.65 per barrel, Kuwait Petroleum Corporation.

According to Qatar News Agency, i…