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Kuwait OPEC Newsletter
  • OPEC cuts and geopolitical tensions propel Brent crude up by over 13% in 2024; central banks face inflation challenge 23 Apr 2024 09:29 GMT

    … third largest producer in the Organization of the Petroleum Exporting Countries (OPEC) cartel, which has already … which Saudi Arabia, the UAE, Kuwait, Qatar, Iraq, and Iran export …

  • Kuwait to finish study for Saudi rail link in May: report 22 Apr 2024 06:37 GMT

    … a newspaper has said. The OPEC producer has already completed nearly … km rail line from Southern Kuwait to the Saudi capital … It quoted “informed” sources in Kuwait as saying the rail project … . According to the report, Kuwait may award a consultancy services …

  • Soaring Russian Oil Imports Drag OPEC’s Market Share in India to a Record Low 19 Apr 2024 17:44 GMT

    … dragged down the share of OPEC and Middle East supply … roughly equal volumes of OPEC and non-OPEC crude, thanks to … non-OPEC producer Russia.  Higher prices of Saudi crude and lower Kuwaiti … supply as Kuwait limited exports of …

  • Russia squeezes Mideast, OPEC shares in India#39;s oil market to historic lows 19 Apr 2024 06:07 GMT

    … share of Middle Eastern and OPEC producers to historic lows, … Organization of Petroleum Exporting Countries (OPEC) but it has eaten … amount of oil from OPEC and non-OPEC nations for the first … the year, while imports from Kuwait have also dropped sharply after …

  • OPEC+ Can Stop An Oil Rally To $100 19 Apr 2024 00:04 GMT

    … Check “It’s easier for OPEC and OPEC+ to be the 800 … barrel this summer.   When Will OPEC+ Intervene? Oil prices will … Strategic Petroleum Reserves or key OPEC producers holding a significant … Arab Emirates (UAE), Iraq, and Kuwait, will deal with any supply …

  • Kuwait names Ahmad Abdullah Al Ahmad Al Sabah as PM 15 Apr 2024 12:16 GMT

    His resignation was a procedural move after a new parliament was elected that month, the fourth since December 2020. The Opec producer, which bans political parties, has one of the most open political systems in the Gulf, though the emir has the final say …

  • Kuwait may slash 2023-2024 deficit to third: report 15 Apr 2024 08:30 GMT

    Kuwait';s budget deficit for … -tank Al-Shal Centre. The OPEC producer assumed an oil price … week, the think-tank said Kuwait initially projected a budget shortfall … of approximately 6.8 billion Kuwaiti dinars ($22.6 billion), with …

  • Nigeria dethroned by Libya as Africa's largest oil producer, says OPEC 12 Apr 2024 11:19 GMT

    … . “According to secondary sources, total OPEC-12 crude oil production averaged … Iran, Saudi Arabia, Gabon, and Kuwait, while production in Nigeria, Iraq … .” According to direct communications from OPEC, the recent drop in the …

  • OPEC: Nigeria’s oil production dropped by 6% to 1.23m bpd in March 12 Apr 2024 00:06 GMT

    … Petroleum Exporting Countries (OPEC) says Nigeria’s average … communication with Nigerian authorities. OPEC receives data on crude … to secondary sources, total OPEC-12 crude oil production … Suadi Arabia, Gabon and Kuwait, while production in Nigeria, …

  • OPEC Keeps Forecasts For Oil Demand, Economic Growth Unchanged 11 Apr 2024 20:22 GMT

    (MENAFN- Kuwait News Agency (KUNA)) VIENNA, April … barrels per day), according to OPEC's Monthly Oil Market … movements, the report said the OPEC Reference Basket (ORB) value increased …

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