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OPEC, IEA Underline Global Energy Market Stability
27 Mar 2024 21:39 GMT
(MENAFN- Kuwait News Agency (KUNA)) VIENNA, … Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) stressed on Wednesday the … . Al-Qahtani, Director of OPEC's Research Division, … the joint IEA-IEF-OPEC meetings covering the evolving …
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OPEC Sees No Need for Policy Change Proposal at Next Week’s Meeting
25 Mar 2024 18:34 GMT
… Staunovo reported on Monday.
OPEC+ members have collectively decided … Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, Oman, and … of the voluntary cuts OPEC+ previously announced in April … have shown that some of OPEC+ members – especially Iraq …
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OPEC chief rebuffs call to abandon oil
24 Mar 2024 14:59 GMT
… 88 times!
KUWAIT CITY, March 24: The Organization of the Petroleum Exporting Countries (OPEC) Secretary General … stopped. Therefore, he said, OPEC has launched awareness campaigns to … in general. Reports by OPEC and international energy consultancies affirm …
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Kuwait crude oil output to hit 4 million in 2040!
23 Mar 2024 14:30 GMT
… to the statement issued by Kuwait Petroleum Corporation (KPC) … million barrels net of Kuwait Oil Company (KOC), … OPEC+ regarding our commitment to reducing production at a time when Kuwait … sales obligations. Meanwhile, other OPEC+ members not only refuse …
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Kuwait spent only third of planned project allocations
22 Mar 2024 08:22 GMT
Kuwait spent only around a third … report published on Thursday, the Kuwaiti Finance Ministry said capital expenditure … at around 2.4 billion Kuwaiti dinars ($7.92 billion) during … allocations.
Lower spending allowed the OPEC producer to slash the budget …
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Red Sea Crisis Escalates: Global Tanker Shortage Looms, Warns Kuwait Petroleum CEO
20 Mar 2024 21:13 GMT
… global tanker shortage, forecasts Kuwait Petroleum Corporation's … strained global supply chain. Kuwait Petroleum, proactive in its … geopolitical instability. While Kuwait';s CEO expresses … and operational challenges. With OPEC and its allies extending …
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Red Sea crisis could lead to global tanker shortage, Kuwait Petroleum CEO says
20 Mar 2024 20:36 GMT
… six months, the CEO of Kuwait Petroleum Corporation told CNBC.
Houthi … wars but the only time Kuwait has been unable to ship … crude prices fell last year, OPEC and its allies agreed to … 's market share as OPEC holds barrels off the market …
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Opec SG to address Windhoek oil conference
20 Mar 2024 14:18 GMT
… Countries (Opec) secretary general (SG) Haitham Al Ghais of Kuwait is expected … .
According to the statement, the Opec delegation will present its world … -operated interest in the asset.
Opec’s participation at the NIEC …
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Kuwait’s Mega Refinery Runs Heavy Oil in Bid to Meet OPEC+ Cuts
19 Mar 2024 21:54 GMT
… production curtailments agreed with OPEC+.
The refineries currently … OPEC+ members.
The boost means Kuwait, the third-largest producer in the Organization of … the Petroleum Exporting Countries, …
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CERAWEEK: Kuwait Petroleum plans offshore oil exploration for first time
20 Mar 2024 04:47 GMT
… ;b, but constrained by OPEC+ cuts
Aims to boost capacity … by Chevron and loaded Kuwaiti crude from Kuwait';s Mina Saud … economic dependence on hydrocarbons. Kuwait relies on hydrocarbon revenues for … non-oil economic sectors.
Kuwait has yet to unveil similar …