Oil prices are declining today as the market prices in some uncertainty ahead of next week’s OPEC+ meeting and the surprise US crude stocks build of the past week
Oil prices are poised to close the week in a bearish track as traders were surprised by a build of crude stocks in the US and are pricing in reports that OPEC+ may consider an option to hike output more than planned in its coming meeting. Building inventories triggered an alarm for markets, especially at […]
All of Agility’s largest businesses reported Q2 growth and profitability levels that were at or above pre-pandemic levels in 2019
Agility, a supply chain services, innovation and investment company, today reported second quarter 2021 earnings of 18.32 fils per share on net profit of $128 million (KD 38.6 million), an increase of 503.7% over the same period in 2020. EBIT increased 202.6% to KD 29.6 million, and revenue grew 26.6% to KD 112.2 million. For […]
Diversification of the energy mix by including renewable resources presents opportunities to the region
Kuwait Foreign Petroleum Exploration Company, a subsidiary of Kuwait Petroleum Company which operates outside of the nation, in February 2021 revealed that it made its largest ever gas discovery offshore Malaysia. Kuwait has big plans for expansion, but they seem to have been put on hold as KPC cut its oil sector spending by $2.3 […]
The project, which is considered to be one of the largest in the world, will be implemented in five phases and the contracts are likely to be signed within the next two weeks
Oil prices rose again today on a bullish market sentiment after yesterday’s OPEC+ meeting and on positive demand indications. Meanwhile a lag in negotiations for a nuclear deal with Iran also assisted the ascent
2021 will be the last year global oil and gas taxes will approach the trillion-dollar mark, reaching about $975 billion
Throughout the pandemic, with falling oil and gas prices and stress to go around, petrochemicals is gathering more and more attention
The comes as several Middle East countries look to hydrogen as a potential alternative fuel source
Noor Alnahhas, CEO of NYBL, talks about how AI technology can help reshape the operating landscape in the oil and gas field.
