Kuwait: The Kuwaiti crude oil gained USD 2.82 during Wednesday’s trading sessions to hit USD 106.79 per barrel, compared with USD 103.97 pb the day before, Kuwait Petroleum Corporation  (KPC) said Thursday.

LONDON: European natural gas prices climbed Thursday towards a record peak on heightened fears over Russian supplies, while global equities rose on the eve of a key speech from Federal Reserve chair Jerome Powell.

SAN FRANCISCO: Elon Musk’s lawyers jumped Wednesday on the revelations of a Twitter whistleblower to try to force the platform to surrender vast amounts of information for their fight to cancel the billionaire’s buyout bid.

LONDON:  Oil prices are likely to rebound to $125 in the coming months due to tight market supply, declining spare capacity and low oil inventories, according to Swiss bank UBS.

Washington: Taming high US inflation will inflict “pain” on American families and businesses, but failure to wrestle prices down from their current 40-year high would be even more harmful, Federal Reserve Chair Jerome Powell said Friday in a hotly-anticipated speech to global policymakers.

Paris: French energy firm TotalEnergies said Friday it was divesting its stake in a Russian gas field that was reported this week to be providing fuel that ends up in Russian fighter jets.

New York: Wall Street equities ended with steep losses Friday following tough talk from Federal Reserve Chair Jerome Powell, who warned of “pain” ahead for Americans in the battle against inflation, with the Dow losing more than 1,000 points.

Kuwait: Kuwait crude oil gained USD 2.52 during Tuesday’s trading sessions to readh USD 103.97 per barrel compared with USD 101.45 pb the day before, Kuwait Petroleum Corporation (KPC) said Wednesday.

CHONGQING, China: China’s autumn harvest is under “severe threat” from high temperatures and drought, authorities have warned, urging action to protect crops in the face of the country’s hottest summer on record.