Tag Archives: Kuwait

Iraqi Oil Minister plans to create an oil tanker fleet in order to help the country access global markets.

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.