Tag Archives: Kuwait

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.

Saudi Arabia held onto its spot as South Korea'.s top oil supplier for both March and the full quarter.

The price for June futures of West Texas Intermediate (WTI) has grown by 0.58 percent and stood at $49.91 per barrel.

Growth in Saudi Arabia. the region’s largest economy. is expected to slow to 0.4% this year.

Most countries want OPEC'.s decision to be extended

Asia'.s fourth-largest economy brought in 12.68 million tons of crude oil in March this year.

EIA’s forecast for 2018. in contrast. increased compared to the previous outlook. when it was at 40.2 million barrels per day.

The price of OPEC basket of 13 crudes stood at $53.13 a barrel on Apr. 10 compared to $52.91 on Apr. 7.