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Jul 23, 2026 اردو

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Markets

Kuwait seals 2015 gasoil term at $1.25/bbl premium, down 44pc

Published December 1, 2014 Updated December 1, 2014 08:25am

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By Parvez Jabri

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SINGAPORE: Kuwait Petroleum Corp (KPC) has sealed its 2015 gasoil term deal with buyers at a premium of $1.25 a barrel to Middle East quotes on a free-on-board (FOB) basis, down 44 percent versus its 2014 deal, industry sources said on Tuesday.

KPC had also sealed its 2015 jet fuel deal at $1.80 a barrel premium to Middle East quotes.

The middle distillates market was hit by high supplies this year compared to last, which may have affected the term premium.

Gasoil and jet fuel cracks were weak before they recovered to multi-month highs on Monday due to stronger regional demand.

The lower underlying crude oil prices had also helped push the margins up.

Copyright PPI (Pakistan Press International), 2014

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Currency	Rate
USD PKR Interbank Selling / Jul 21	278.12
USD PKR Interbank Buying / Jul 21	277.92
USD to Japanese Yen / Jul 22	163.08
USD to Swiss Franc / Jul 22	0.81
Pound Sterling to USD / Jul 22	1.34
Euro to USD / Jul 22	1.14
SOFR % / Jul 21	3.59

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S&P 500 / Jul 21	7,509.20
Nasdaq / Jul 21	25,837.21
Dow Jones / Jul 21	52,224.64
India Sensex / Jul 22	76,694.63
Tokyo Nikkei / Jul 22	67,511.12
Hang Seng / Jul 22	24,903.04
FTSE 100 / Jul 22	10,721.96
Germany DAX 30 / Jul 22	25,205.51
France CAC40 / Jul 22	8,447.61

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 21	18,880
Gold 10 Grams PKR / Jul 21	368,000
Crude Oil USD/Barrel / Jul 22	86.22
Gold Spot USD/Ounce / Jul 22	4,114.27
Cotton US¢/pound / Jul 22	80.13
Petrol/Litre / Jul 23	320.73
Diesel/Litre / Jul 23	367.21

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