Please wait...
GulfBase Live Support
- $920m Hassyn desalination project on track for Q1 2027 completion
- As 2025 ends, Kuwait oil price eases to $61.3
- Dollar climbs to start 2026 after record drop
- London stocks hit record as 2026 kicks off with global gains
- Oman hotel sector records strong growth by end of November 2025
- Bankruptcy Law boosts investors' confidence
- BYD overtakes Tesla as world's largest EV seller in 2025
- Oman's 11th Five-Year Plan targets 4% annual GDP growth
- QNB expects 3.2% global growth in 2026
- Qatar commercial banks' assets up 5.8% to QR2.15 trillion
25/05/2011 00:00 AST
Brent crude futures slipped below $112 a barrel on Wednesday after industry data showed U.S. crude inventories fell less than anticipated last week and the dollar rebounded against the euro.
The American Petroleum Institute (API) said crude inventories fell 860,000 barrels for the week ended May 20, compared with analysts' expectations for a 1.3 million-barrel draw.
Gasoline stocks rose 2.4 million barrels a week before the Memorial Day weekend, the official start of the summer driving season. Analysts had only expected a 300,000-barrel build.
"The inventory numbers are driving prices lower. The rise in gasoline stocks is significant coming just before Memorial Day. If the EIA numbers show a rise as well that will put more pressure on prices," said Michel Lo, a Hong Kong-based analyst with Nomura International.
As the U.S. driving season approaches, traders have been closely eyeing the steady drawdown of gasoline stockpiles.
For more on this Click Here
Guardian.co.uk
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Brent | 60.8 | -0.11 | -0.18 |
| WTI | 57.33 | -0.12 | -0.21 |
| OPEC Basket | 61.12 | 0.09 | 0.15 |
04/01/2026
By the end of December 2025, the 9th month of the current fiscal year 2025/2026 had concluded. The average price of Kuwaiti oil per barrel for December was around $61.3, dropping by $3.9 per barrel o
Kuwait Times
01/01/2026
Oil prices were slightly lower on Wednesday, and headed for a fall of more than 15 per cent in 2025, as expectations of oversupply increased in a year marked by wars, higher tariffs, increased OPEC+
Reuters
30/12/2025
Oil prices rose on Monday as investors weighed the outcome of talks between the US and Ukrainian presidents on a potential ?deal to end the war in Ukraine, as well as Middle East tensions that could
Asharq Al Awsat
25/12/2025
Oil prices witnessed slight gains on Wednesday, extending the advances made in the previous session, supported by strong economic growth in the United States and concerns over potential supply disrup
QNA
19/12/2025
Oil prices rose slightly on Thursday as investors assessed the likelihood of further US sanctions against Russia and the supply risks posed by a blockade of Venezuelan oil tankers.
Brent cru
Asharq Al Awsat
Financial Information Co.
Saudi Arabia