Tag Archives: Kuwait

The SPR sales would not start until October 2018 and would amount to just 95.000 bpd. or 1 percent of current U.S. output.

The price of OPEC’s basket of 13 crudes stood at $51.50 per barrel on May 22.

Kuwait is part of a joint OPEC/non-OPEC ministerial monitoring committee.

The Persian Gulf region has about 730 billion barrels of proven oil reserves and more than 70 trillion square meters of natural gas.

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.