Tag Archives: Kuwait

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.

Kuwait chairs the five-member committee which also includes Algeria. Venezuela. Russia and Oman.

In November 2016. OPEC agreed to cut oil production by 1.2 million barrels per day to 32.5 million bpd.

The country is eighth on the World Bank’s worldwide list of carbon dioxide emissions per capita.