Tag Archives: Kuwait

OPEC focus on market stability and managing surpluses that have a big impact on inventories in global markets.

Iraq is the Organization of the Petroleum Exporting Countries’ second-largest producer after Saudi Arabia.

Approximately 60 percent of Kuwaiti consumption of natural gas is used for the refining and petrochemical sector.

OPEC and other suppliers including Russia will discuss continuing the global production limits beyond the end of the year.

Ecuador cut shipments to the United States by 86 percent and Kuwait cut exports by 58 percent. week-over-week.

Kuwait wants to transform into a business hub that attracts investments.

Around 90 percent of Kuwait'.s state revenues come from oil.

National oil firm outlines ambitious growth plans for the next two decades.

OPEC. supported by Russia and other non-members. began to reduce output a year ago to remove an oil glut built up in the previous two years.

Iraqi Prime Minister Haider al-Abadi expressed great support for the Kuwait agreement.