Global oil prices declined while gold prices increased during the week ending July 30, 2026, according to the Central Bank of Kenya (CBK). In its weekly report published on July 31, the CBK said commodity prices recorded mixed movements during the week under review. Murban crude oil prices fell to $78.24 (Ksh 10,111.73) per barrel
The United Arab Emirates (UAE) has announced that it will leave the OPEC and OPEC+ groups of major oil-producing nations effective May 1. The country has been a member of the alliance for nearly six decades. The UAE said the decision reflects its long-term strategic and economic vision. It also pointed to its evolving energy
World oil prices remained unchanged on Tuesday, January 27, as the effects of a strong winter storm in the United States offset any positive developments in the supply side, especially in Central Asia. Markets balanced weather-driven production losses and refinery disruptions with expectations of restored output and steady policy from major oil producers. Brent crude
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