Kuwait oil price down to $31.89 pb – Kuwait Times

  • Date: 19-Mar-2020
  • Source: Arab Times
  • Sector:Oil & Gas
  • Country:Kuwait
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Kuwait oil price down to $31.89 pb – Kuwait Times

KUWAIT: The price of Kuwaiti crude oil dropped 27 cents to $31.89 per barrel Tuesday against $32.16 pb Monday, Kuwait Petroleum Corporation (KPC) said yesterday.. Saudi Energy Ministry announced on Tuesday that the kingdom exports of the crude oil would increase to more than 10 million barrels per day.. The OPEC daily basket price went down 27 cents a barrel on Tuesday to settle at $30.36 pb, compared with $30.63 pb the day before, the organization said yesterday.. The annual average of the OPEC basket price hit $52.43 pb last year, it said in its daily bulletin..