Tag Archives: oil

Oil prices remain high on pipeline shutdown

Oil prices remained range bound with minimal volatility and comfortably above the $60/b mark during November ’17 and during the first two weeks of December ’17 following the extension to the ongoing oil production cut agreement until the end of 2018. An oil pipeline shutdown in North Sea for repairs …

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Value over volume – shale oil directions for 2018!

Oil Analyst American shale oil producers are opting for value added returns and for higher and improved oil prices with full coverage and assurance from OPEC and Russia in securing their profits. Even though no one knows the rate that the American producers will push for next year, it however …

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Kuwait’s oil projects overseas bring high, safe revenues: KPC

KPI focuses on high-growth markets in Asia: Al-Adsani KUWAIT CITY, Nov 30, (Agencies): Kuwait Petroleum Corporation (KPC)’s CEO Nizar Al-Adsani has said that the Kuwaiti oil projects overseas bring in rewarding and safe revenues for the state, in line with the KPC strategy. Al-Adsani made the statement Thursday during a …

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The impact of existing oil, gas investments in Norway

KUWAIT CITY, Nov 23: Last week Norway’s sovereign wealth funds unveiled its plans to sell all its investments in oil and gas, which represent about 6 percent of its wealth portfolio of $1 trillion, the largest of all global funds. This is upon the recommendation of the state’s Norwegian oil …

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Oil in comfortable zone – Kuwait govt must push for privatization

The current level of $64 for a barrel of oil is a very comfortable level for all oil producers now and perhaps till end of next year. However, the recent events and developments in the Arabian Gulf region is making oil prices unstable and could escalate to higher than $65 …

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KPC sponsors 3rd KOGS show, confab

Kuwait, Japanese businessmen panel holds 21st meeting KUWAIT CITY, Oct 11, (KUNA): Kuwait Petroleum Corporation (KPC) announced Wednesday that it would be sponsoring the 3rd Kuwait Oil and Gas Show and Conference (KOGS 2017), which is organized by the Society of Petroleum Engineers on Oct 15-18, 2017 under the patronage …

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Deeper the oil cuts, better news for shale producers – ‘keep prices at acceptable level’

There is no escape from this harsh reality —  lesser oils entering the markets will mean better news for USA shale producers and further strengthening of the oil barrels. Of course, higher cuts in crude oils will lead to oil prices stabilizing at $50 a barrel – the best performance …

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Need to cut dependence on oil – Kuwait’s govt sole source of income … is it sustainable?

For how long will Kuwait depend on oil as its only source of income? Is it sustainable on a long term basis, especially since we know well that oil prices are unlikely to go beyond $70 per barrel in the coming years? This is not only because of the arrival …

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Oil is safe at $50 per barrel – Price not sustainable for coming 2-3 yrs

Oil producing countries should be satisfied with the current oil price range of $50-$52 for the rest of the year. With shale oil production sailing smoothly and growing at a nice pace, USA oil production should reach more than 1.6 million barrels next year. So far everybody is satisfied with …

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MP queries oil spill – Speaker hails micro-licencing

KUWAIT CITY, Aug 17: MP Khalid Al-Otaibi has submitted questions to Minister of Oil, Electricity and Water Issam Al- Marzouq about the oil spills and sources of leakage. He said that on Aug 11, 2017; the Environment Public Authority (EPA) received a report from the Coast Guard General Department stating …

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