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Kuwait OPEC Newswire

  • Published on Apr 15, 2021

    IMF Staff Concludes Virtual Visit to Kuwait

    April 15, 2021 End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of …

    Distribution channels:
  • Published on Apr 11, 2021

    OPEC Fast Facts

    Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. Facts The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in …

    Source: KIFI Local News 8 - Idaho - Uncategorized
  • Published on Apr 9, 2021

    As India's Oil Demand Grows, It's Now Looking Beyond OPEC+ For Reliable Supply

    In February, I highlighted the role that India will play in global oil demand in the coming years as its economy grows and oil consumption increases. In 2019, India was the third-largest consumer of oil and petroleum products, after the United States and …

    Source: Investing.com - Neutral
  • Published on Apr 17, 2021

    Thermic Fluid Market Forecast to Reach $2.21 Billion by 2025

    Apr 16, 2021 (AB Digital via COMTEX) -- Thermic Fluid Market is forecast to reach $2.21 Billion by 2025, after growing at a CAGR of 4.49% during 2020-2025. The growing demand from the oil and gas sector, where thermal fluids are used extensively to carry …

    Source: Tradingcharts.com - Neutral
  • Published on Apr 6, 2021

    Easing OPEC+ output cuts may unshackle Saudi-Kuwaiti Neutral Zone oil production

    As OPEC and its allies prepare to roll back production quotas in May, the Neutral Zone shared between Kuwait and Saudi Arabia stands ready to provide a significant source of the two countries’ additional output. The zone is capable of pumping near to its …

    Source: Investing.com - Neutral
  • Published on Apr 4, 2021

    Kuwait welcomes OPEC+ deal, stresses continued cooperation

    KUWAIT: Minister of Oil Mohammad Al-Fares extolled the successful meeting of OPEC+, affirming the importance of continuing cooperation to restore market balance. The positive developments of the last period contributed to a noticeable improvement in oil …

    Source: Kuwait Times - Uncategorized
  • Published on Apr 4, 2021

    OPEC Welcomes Saudi Green Initiatives

    OPEC announced that it has welcomed two new initiatives by the Kingdom of Saudi Arabia that aim to reduce emissions and the region’s environmental footprint. Mohammad Sanusi Barkindo, the OPEC secretary general, noted that the ‘Saudi Green Initiative’ and …

    Source: Rigzone - Neutral
  • Published on Apr 2, 2021

    Analysis – Power play: India wields oil ‘weapon’ to cut dependence on Saudi

    India’s Oil Minister Dharmendra Pradhan speaks at a road show organised by the Directorate General of Hydrocarbon (DGH) in Mumbai, India, October 26, 2017. REUTERS/Shailesh Andrade/File PhotoNEW DELHI (Reuters) – When India’s government last month …

    Source: News India Times - Uncategorized
  • Published on Mar 31, 2021

    Oil prices mixed as US crude inventory draw supports, OPEC+ concerns weigh

    NEW YORK: Oil prices were mixed on Wednesday, supported by a draw in US crude inventories but pressured by concerns about the market's recovery after OPEC and its allies lowered their 2021 demand growth forecast. Brent crude for May, which expires on …

    Source: Economic Times - Uncategorized
  • Published on Mar 24, 2021

    Kuwait oil price up to $63.87 pb

    KUWAIT: The price of Kuwaiti crude oil increased 87 cents to reach $63.87 per barrel last Friday, Kuwait Petroleum Corporation (KPC) said yesterday. Elsewhere, the price of Brent Crude saw a 9 cents rise to reach $64.62 pb, but the West Texas Intermediate …

    Source: Kuwait Times - Uncategorized
  • Published on Mar 26, 2021

    Diversify or risk unrest, oil producers warned in report

    Oil-dependent countries that are not preparing to adapt to the global shift away from fossil fuels risk their own stability, warns a new report. Algeria, Iraq and Nigeria are the most vulnerable to “a slow-motion wave of political instability”, according …

    Source: The Guardian - Neutral
  • Published on Mar 27, 2021

    Kuwait Petroleum eyes $20bn in funding over next 5 years

    State-owned Kuwait Petroleum Corporation plans to borrow as much as $20 billion over the next five years to make up for an expected shortfall in funding, reported Bloomberg, citing a source familiar with the matter.   The Kuwait oil giant will need the …

    Source: Trade Arabia - Neutral
  • Published on Mar 26, 2021

    Oil Gains with Broader Markets

    (Bloomberg) -- Oil resumed gains, mirroring sentiment in broader markets, after a volatile few days that that saw prices swing wildly around $60 a barrel. Futures in New York climbed 2.2% with a gauge of market volatility at its highest since November. The …

    Source: Rigzone - Neutral
  • Published on Mar 26, 2021

    India to buy oil from cheapest supplier; Saudi min response 'undiplomatic': Union Minister Dharmendra Pradhan

    By PTI NEW DELHI: With Saudi Arabia giving cold shoulder to its plea for easing production controls, India on Friday said it will buy oil from any country that will give it at cheaper rates and on favourable business terms. Refiners in the world's …

    Source: The New Indian Express - Neutral
  • Published on Mar 19, 2021

    Kuwait’s Deputy FM meets with GCC ambassadors

    KUWAIT: Kuwait’s Deputy Foreign Minister Ambassador Majdi Al-Dhafiri meets with the ambassadors of GCC countries to Kuwait. – KUNA photos KUWAIT/RIYADH: Kuwait’s Deputy Foreign Minister Ambassador Majdi Al-Dhafiri met yesterday with the ambassadors of …

    Source: Kuwait Times - Uncategorized
  • Published on Mar 20, 2021

    Higher oil cuts GCC's urgent borrowing needs, says Moodys

    During the past week, oil prices have risen to nearly $70 per barrel, up from $52 at the end of last year. If sustained during the rest of the year, higher oil prices will reduce the immediate government borrowing and external financing needs of GCC …

    Source: Trade Arabia - Neutral
  • Published on Mar 16, 2021

    Middle East Producers Cash In On Oil Price Rally

    The world’s top oil exporter, Saudi Arabia, wasn’t just thinking about the global oil market when it rolled over its extra production cut into April and had the members of the OPEC+ alliance keep their total output basically flat next month, with small …

    Source: Investing.com - Neutral
  • Published on Mar 15, 2021

    GCC borrowing needs set to plunge 96% on oil rally above $65

    In 2020, Gulf sovereigns raised about $63 billion in bonds and sukuk as oil prices plummeted The GCC’s borrowing requirements could drop to $10 billion over the next three years from about $270 billion, if oil prices continue to stay elevated, according to …

    Source: Khaleej Times - Uncategorized
  • Published on Mar 12, 2021

    It's time Gulf Arab States look away from Oil and find new revenue sources

    Oil prices are rebounding thanks to an extended OPEC+ production cut, a surge in demand as economies recover from the coronavirus pandemic, and the beginning of a supply reaction from a year of both diminished production and inventory draw-downs. This is …

    Source: Business Standard - Neutral
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