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Tuesday , January 28 2020

Business

OPEC deal to cut output could lead to shale production surge – Trump administration vows measures to promote US oil development

NEW YORK, Dec 3, (AFP): With this week’s deal to cut output, OPEC is creating incentives for American shale producers to boost output just as …

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Oil output deal is done, OPEC now in agreement

OPEC’s meeting last Thursday was quick and fast, triggering an increase in oil price by more than $3 per barrel in less than three hours …

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Earnings of listed companies drop 6% in 9M

The financial results of Kuwaiti exchange-listed companies continued to signal some softness, though performance did appear to surprise on the upside. The corporate sector has …

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Rush to spend as India ‘cash catastrophe’ prompts chaos – Anger mounts at continuing shortage of cash

NEW DELHI, Dec 2, (AFP): Indians endured more turmoil Friday as they rushed to spend old notes at petrol stations before a midnight deadline as …

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OPEC deal expected to tighten oil market in 2017 – Production cut between 750,000 and 1 million bpd seen

OPEC has reached an agreement to cut its oil output by almost 1.2 million barrels per day and been rewarded with an increase in nearby …

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Kuwait crude up $4.99 to $47.68 pb

Kuwaiti oil price rose $4.99 in trading Thursday to $47.68 compared to $42.69 pb Tuesday according to Kuwait Petroleum Corporation (KPC) Friday. In the global …

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OPEC agrees first output cut since 2008 – Saudis take ‘big hit’

VIENNA, Nov 30, (RTRS): OPEC agreed on Wednesday its first oil output cuts since 2008 after Saudi Arabia accepted “a big hit” on its production …

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Kuwait stocks ‘eke’ modest gains; volume rises – KFH dips 10 fils; Humansoft Holding jumps

KUWAIT CITY, Nov 30 : Kuwait stocks eked modest gains on Wednesday as it extended its advance to fourth straight session. The price index climbed …

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Alghanim Automotive wins GM technicians competition – 1960 dealer technicians in Middle East participate in event

KUWAIT CITY, Nov 29: Yusuf A. Alghanim & Sons Automotive, the exclusive distributor of both Chevrolet and Cadillac vehicles in Kuwait, adds a new entry …

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Kuwait to give Tunisia $500mn in loans – Financing spread over five years

TUNIS, Nov 29, (Agencies): Kuwait will provide Tunisia with $500 million in loans over the next five years, Kuwait’s finance minister told delegates at a …

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