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The current reduction deal is sufficient to achieve the desired purpose.
Read More »OPEC Deal Extension May Be Unnecessary
Kuwait Expects to Seal New Deals to Supply Oil to Chinese Buyers
Kuwait also plans to start selling a new grade of crude called Kuwait Super Light from January.
Read More »Total to Sell Its Interest in Gina Krog Oil Field
Total had announced earlier in August that it would acquire Maersk Oil for $5 billion. bolstering its position among the world'.s largest oil companies.
Read More »Second Oil Spill Reported in Kuwait’s Ras Al-Zour Waters
Experts from Saudi Arabian Chevron and Oil Spill Response Limited have joined the effort to clean up after the leak.
Read More »Kuwait Says Oil Spill Strikes Its Waters in Persian Gulf
Tiny Kuwait. an OPEC member nation. has the world'.s six-largest estimated oil reserves.
Read More »Oil Ministers to Meet in Russia as Compliance Focus Turns to Africa
Under a deal agreed last year. oil exporters committed to cut production in an effort to reduce global stockpiles that have depressed prices for more than two years.
Read More »Russian Energy Minister to Discuss with Kuwait Oil Minister on LNG Supplies
Novak said Monday he is meeting with his Kuwaiti counterpart to discuss LNG exports.
Read More »China Becomes One of the Biggest Oil Drilling Contractors in Kuwait
Kuwait has so far bought Chinese-made rig equipment worth more than 4.3 billion yuan.
Read More »Kuwait: Not About Time to Curb Oil Production in Libya. Nigeria
Libya and Nigeria have seen a significant increase in oil production in May and June.
Read More »Gulf’s Oil Reserves Still Provide the Safety Net
Gulf states accounted for 11.8 per cent of natural gas production in the world.
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