Kuwait: Oil Price Includes $30 War Premium ...Middle East

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Kuwait: Oil Price Includes $30 War Premium
source : OILPRICE ( Middle East ) () 20
Around $30 a barrel of war premium is baked into the current oil prices, according to Kuwait Petroleum Corporation (KPC), the state oil firm of one of OPEC’s top producers. “I see a war premium of about US$30 in the price right now,” Sheikh Nawaf Al-Sabah, chief executive officer at KPC, told Bloomberg TV on Tuesday. Oil prices surged above $100 per barrel after Russia invaded Ukraine at the end of February and have largely stayed above the triple-digit mark for most of the time since then. Early on Tuesday, prices were up by…

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