Arab Today, arab today kuwait crude price above usd 100 pb mark in first half of fy
Last Updated : GMT 12:54:10
Arab Today, arab today
Arab Today, arab today

Kuwait crude price above USD 100 pb mark in first half of FY

Arab Today, arab today

Arab Today, arab today Kuwait crude price above USD 100 pb mark in first half of FY

Kuwait - Kuna

Kuwaiti crude price remained above the USD 100 per barrel mark over the first half of the current fiscal year 2011/2012 ending September 30, except for September 26 when fell to USD 99.16 per barrel, a specialized economic report showed Saturday. The report, issued by Al-Shall Economic Consultants, said that the average Kuwaiti oil price for most of September scored about USD 104.2 per barrel, with a slight decrease by about USD 0.3 per barrel over August average of USD 104.5 per barrel. As such, average Kuwaiti oil price for the first half of this fiscal year amounted to about USD 107.8 per barrel, an increase by about USD 47.8 per barrel (79.7 percent) over the hypothetical budget estimated price at USD 60 per barrel, which will be reflected positively on budget oil revenues, the report noted. Noting that April\'s average price at about USD 115.6 per barrel was the highest average price for the Kuwaiti oil, meaning that the average price of September was less by USD 11.4 per barrel. The average price for September 2010 of the past fiscal year 2010/2011 was USD 72.5 per barrel, which ended in last March, when the average Kuwaiti oil price scored about USD 81.9 per barrel. According to the published figures in the Ministry of Finance\'s monthly follow up report for May 2011, Kuwait is supposed to have achieved during the first two months of this FY 2011/2012 about KD 4.451 billion worth of actual oil revenues. Kuwait is assumed to have achieved oil revenues during the first half of the current fiscal year in the amount of about KD 13.5 billion. Assuming production and prices would continue at the same rate -which is an unrealistic assumption on the price side at least- projected oil revenues for the entire current fiscal year would score about KD 27 billion, which is about KD 14.7 billion higher than the budget estimate. Adding KD 1.1 billion in nonoil revenues, total budget revenues for the current fiscal year would score about KD 28.1 billion versus KD 19.435 billion in expenditures allocations. The result will be achieving a hypothetical surplus of about KD 8.7 billion

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait crude price above usd 100 pb mark in first half of fy Arab Today, arab today kuwait crude price above usd 100 pb mark in first half of fy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait crude price above usd 100 pb mark in first half of fy Arab Today, arab today kuwait crude price above usd 100 pb mark in first half of fy

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Russia and Iraq restore air travel

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today 600,000 children may flee to Bangladesh

GMT 06:49 2017 Monday ,18 September

600,000 children may flee to Bangladesh
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:45 2017 Sunday ,17 September

France's hurricane-hit St Martin

GMT 11:53 2017 Saturday ,16 September

Jolie effect helps Namibian tourism

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday