Tag Archives: Kuwait

Saudi Arabia and Russia. the world'.s top two oil producers. agreed on Monday on the need to extend output cuts for nine months until March 2018.

Goldman kept its average Brent price forecast for the third quarter of 2017 at $57 per barrel.

Iranian Offshore Oil Company is one of the largest offshore oil producers in the world.

The delay of additional oil product supplies in Asia could be good news for refiners. but could weigh on the crude oil market.

India is expected to boost its LPG imports next year to 16-17 million tons.

MENA markets remained sluggish in April due to drop in trading liquidity and poor investments from both domestic and international investors.

The price of OPEC’s basket of 13 crudes stood at $48.34 a barrel on May 3.

The Persian Gulf nation of Kuwait is the fifth-largest producer in the Organization of Petroleum Exporting Countries.

Most of the survey respondents expect Arab Light crude to be cut by 40 cents in June.

The move will boost Aramco'.s ability to meet its commitments to customers and maintain its export capability from the kingdom'.s west coast.