The price of a barrel of Kuwaiti oil rose to 78.59 dollars in trading

The price of a barrel of Kuwaiti oil rose to 78.59 dollars in trading
The price of a barrel of Kuwaiti oil rose to 78.59 dollars in trading

Today, Saturday, the Kuwait Petroleum Corporation announced that the price of a Kuwaiti oil barrel increased by 51 cents, to reach $78.59 in trading, compared to $78.08 in trading the day before yesterday.

And the KPC statement revealed that Brent crude futures fell by $1.43 to settle at $74.98 a barrel, while US West Texas Intermediate crude fell $1.69 to $70.87.

The price of a barrel of Kuwaiti oil increased to 78.59 dollars

In a separate context, the European Union and the Embassy of Sweden had hosted the European-Egyptian Energy Link event to focus on the energy link between Europe and Egypt. The event began with welcoming words delivered by the Ambassador of Sweden to Egypt, Hokan Emsjord, the European Union Ambassador to Egypt, Christian Berger, and Eng. Tarek El Molla, Minister of Petroleum. and mineral wealth, followed by a video message from Her Excellency Minister Rania Al-Mashat, Minister of International Cooperation.

This was followed by a panel discussion with European and Egyptian policymakers and representatives of the business community, including Gelsomina Vigliotti, Vice President of the European Investment Bank in Luxembourg. The panel discussions focused on policies, priorities and financial mechanisms to support the energy transition and link Europe and Egypt in this field.

The Ambassador of Sweden to Egypt said: The demand for sustainable energy in Europe is increasing, and Egypt is in a good position that qualifies it to provide Europe with this energy. Climate as well, where energy can be used more efficiently and sustainably.

In the same context, the head of the European Union delegation said: “The European Union is pleased to share its extensive knowledge and experience, and is willing to use its resources as the largest donor in the world, providing more than 40% of global climate financing through our member states and financial institutions.”