1.8mn barrels a day surplus primary reason for the fall in oil price
Kuwait
Posted inNews
Kuwait Petroleum says oil will stay at $65
Chief executive says next six to seven months prices will remain around $65 per barrel
Posted inProducts & Services
Oil prices drop below $80 a barrel
DME Oman Crude Oil Futures Contract, the Asian pricing benchmark, traded at a new four-year low
Posted inNews
Kuwait to increase crude oil exports to Egypt
The news come after the North African country received energy aid from Saudi Arabia, Kuwait and the UAE in the form of loans, grants and petroleum products
Posted inNews
Kuwait: Low oil prices will hit GCC economies
Minister warns of economic reforms if low prices continue
Posted inNews
Saudi-Kuwait oilfield production halted
Production from Khafji oilfield stopped due to “environmental issues”
Posted inNews
Kuwait: OPEC unlikely to cut output
On Friday Brent crude fell to its lowest since 2010
Posted inNews
Egypt gets $240mn credit to import oil from Kuwait
2mn barrels of crude oil to be shipped in early October
Posted inNews
Kuwait Petroleum and Chevron strike shale deal
Chevron to sell 30% of its stake in Canada’s Duvernay shale
Posted inNews
Kuwait-Japan exports hit five-month high
UAE oil exports to Japan also rose by almost 50%