Oil prices increased on Thursday as concerns over a potential escalation of the Middle East conflict, which could disrupt crude oil flows from the vital exporting region. Brent crude futures rose by 94 cents, or 1.27%, to $74.84 a barrel, while US West Texas Intermediate (WTI) crude futures climbed 99 cents, or 1.41%, to $71.09. Both crudes jumped more than $1 a barrel earlier in the session. US crude inventories rose by 3.9 million barrels to 417 million barrels in the week ended Sept. 27. Source: Qatar News Agency
Related Articles
Lesha Bank LLC Acquires Kazakh Bereke Bank
Doha: Lesha Bank LLC (Public) announced that it had signed a sale and purchase agreement with the Kazakh company Baiterek NMH JSC for the acquisition of the entire share capital of Bereke Bank in Kazakhstan at a price of 65 billion Kazakh Tenge, equiv…
Economists, Businessmen to QNA: HH the Amir’s Visit to Netherlands Gives New Momentum to Economic Relations Between the Two Countries
Doha: A number of economists and businessmen confirmed that the visit of HH the Amir Sheikh Tamim bin Hamad Al-Thani to the Kingdom of the Netherlands will give new momentum to relations between the two countries, especially in the economic field.
Th…
Electricity Ministry signs with the French company Total two contracts to produce 1,000 megawatts of solar energy in Basra
The Ministry of Electricity and the French company Total signed two contracts today, Monday, to produce 1,000 megawatts of solar energy in Basra.
A statement by the Ministry said, ‘Minister of Electricity Ziad Ali Fadel sponsored the signing of two i…