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 around 1.5 percent, with Brent Crude at $115 a barrel, and the U.S. benchmark, WTI Crude, at ... (full story)