Tag Archives: Kuwait

Most of the sources of dust storms are in neighboring Iraq. Saudi Arabia and Syria.

Iran’s crude oil and condensate exports rose three percent month-on-month in January.

Iran'.s crude oil and condensate exports rose 3% month on month in January.

.OPEC’s agreement lasts for six months. with the goal of shrinking bloated oil inventories that are keeping a lid on prices

.The price of OPEC basket of thirteen crudes stood at $53.92 a barrel on Feb.2

Lukoil signed several memorandum of understanding with NIOC last year.

Saudi Arabia’s output cuts are just the beginning of a trend that is expected to last for months and years to come.

An implementation rate of 75% would be higher than the level OPEC typically achieved in the past.

Oil will trade at $55 to $60 a barrel this year and Kuwait is assuming a $45 price in its budget for fiscal year 2017-18.

Three factors could pose major threats to the anticipated upsurge in global oil prices in 2017.