oil
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Business
Fears of supply tightness; price ‘surpasses’ 95 dollars a barrel!
With oil prices reaching the $90 level, consumers’ prices are heading towards a higher level in almost every sector. These…
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Business
Arab Countries Aim to Boost Global Crude Reserves and Energy Supplies
KUWAIT CITY, Sept 21: Arab countries’ global crude reserves are at 54.3 percent and the region is eager to boost…
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Business
Strategic Insights: Al-Barrak’s Perspective on the First 4 Years in a Long-Term Plan
KUWAIT CITY, Sept 21: Dr. Saad Al-Barrak, the Deputy Prime Minister, Minister of Oil, Minister of State for Economic Affairs…
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Business
Kuwait’s $280 Million Oil Export to the US: A Closer Look
KUWAIT CITY, Sept 17: Official data showed that the total exports of crude oil from 5 Arab countries to the…
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Business
A barrel price of above $90 brings fear of inflation
OIL prices have reached their preferred level of $90, but we are hearing some noises that this level and above…
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Business
Kuwait’s Oil Sector Surpasses KD 2.6 Billion in 2022-2023
CEO of Kuwait Petroleum Corporation Sheikh Nawaf Saud Al-Sabah KUWAIT CITY, Sept 6: Kuwait’s oil sector achieved “exceptional” profits of…
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Business
Current capacity of Al-Zour more than 410,000 barrels and continues to rise
KUWAIT CITY, Aug 30: The Executive Vice President for Administrative and Commercial Affairs at the Kuwait Integrated Petroleum Industries Company…
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Business
Oil calmly coming down despite the OPEC+ cuts
Today, the price of oil is $84 a barrel — down from its peak of $87 several weeks ago. Here…
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Business
KUFPEC makes a new oil discovery in Geisum and Tawila West concession
KUWAIT CITY, Aug 22: Kuwait Foreign Petroleum Exploration Company, K.S.C.C. (KUFPEC) is pleased to announce that its wholly owned subsidiary,…
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Business
Kuwait’s Oil Exports Witness Sharp 18.28% Annual Decline in June
KUWAIT CITY, Aug 17: Kuwait, in June 2023, recorded an 18.28 percent annual decline in its crude oil exports –…
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