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Brent crude

Brent crude jumps by 4% to $81 per barrel

March 3rd, 2026

Sally Shakkour

ALBAWABA - Brent crude increased by over 4 percent, hitting $81 per barrel in afternoon trade in Asia on Tuesday amid intensive attacks in the Middle East. Around 0800 GMT ...

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Brent crude

March 3rd, 2026 - 08:24 GMT

Sally Shakkour

Brent crude jumps by 4% to $81 per barrel

ALBAWABA - Brent crude increased by over 4 percent, hitting $81 per barrel in afternoon trade in Asia on Tuesday amid intensive attacks in the Middle East. Around 0800 GMT, Brent was trading up 4.41 percent at $81.17 per barrel, while West Texas Intermediate was up 3.99 percent at $74.07 per barrel, AFP reported Tuesday. Nonetheless, European gas prices also recorded an increase of another 30 percent on Iran.

For now, however, the US-led surge in supply and weak demand have seen traders start to store additional barrels as they wait for prices to recover.

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September 11th, 2014 - 12:01 GMT

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September 9th, 2014 - 04:38 GMT

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Al Bawaba

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Oman Oil Company sings $1.85 billion corporate revolving credit facility agreement

The recent flare-up of violence in Iraq is past its worst and Kuwait Energy is keen to invest more in the country because of its potential, Chief Executive Sara Akbar said.

September 7th, 2014 - 03:55 GMT

Undeterred by the IS or a legacy of grudges, Kuwait Energy keen on investing in Iraq