Tag Archives: Kuwait

The neutral zone. which has been shuttered for at least four years. can produce as much as 500.000 barrels a day.

There is great anxiety in the market today mainly related to supply concerns.

OPEC is set to meet on June 25 in Vienna to discuss extending the agreement to cut output by 1.2 million b d beyond the end of June.

Consumer countries see that a price between $60-70 is a good price for everyone.

For years. Iraq and Kuwait have been discussing ways to develop and share the cross-border oil fields.

Kuwait and Iraq have chosen a consultant to assess areas with oil reserves on the border between the two countries.

Al-Nahar emphasized the importance of expanding trade and economic relations between the two neighboring countries.

Russia would eventually agree to cut its oil production.

Saudi Arabia is the world’s top oil exporter and OPEC’s de-facto leader.

The committee groups representatives are from Saudi Arabia. Russia. the United Arab Emirates. Kuwait. Algeria. Venezuela and Oman.