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US Crude Oil Inventories Fell Last Week

The US Energy Information Administration announced Thursday that crude oil, gasoline and distillate inventories in the United States fell last week, while gasoline inventories rose.

The administration, which is the statistical arm of the US Departmen…

Japanese Yen Plummets as BOJ Signals No Near-Term Rate Hike

The Japanese yen dropped on Wednesday after Bank of Japan (BOJ) Deputy Governor Shinichi Uchida stated that the central bank would not raise interest rates in the near term, easing trader concerns about another potential rise in the yen that could dis…

QCB Foreign Reserves Surge 3.89 Percent in July 2024

Doha, August 07 (QNA) – The foreign currency reserves and foreign currency liquidity of the Qatar Central Bank (QCB) increased by 3.89 percent year-on-year to reach QAR 250.981 billion in July 2024 compared to QAR 241.572 billion in the same period of…

Kuwait Oil Price Records USD 76.28 PB

Price of Kuwaiti oil increased 51 cents to settle at USD 76.28 per barrel on Tuesday compared with USD 75.77 pb the day before, Kuwait Petroleum Corporation (KPC) said in on Monday.

Globally, the price of Brent crude rose by 18 cents to USD 76.48 pb,…