Industry & Trade

Kuwait oil price up 65 cents, standings at USD 46.11pb

Kuwait: The price of the Kuwaiti oil was up 56 cents and stood at USD 46.11 per barrel in trading yesterday as oppose to USD 45.55 pb last Friday. Kuwait…

 
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Industry & Trade

Kuwait is best off, Nigeria worst in 2017 oil break-even prices

Kuwait’s in the best position of major oil exporting nations in the Middle East, Africa and parts of Europe to have a balanced government budget this year with oil forecast…

 
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Industry & Trade

Kuwait sees $50-55 oil as ‘good’ for producers

Oil at $50 to $55 a barrel would put producers in a “good position” with stockpiles expected to fall later this year, according to Kuwait’s Oil Minister Issam Almarzooq. “I…

 
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Industry & Trade

Lebanon looks to develop oil industry

A major energy summit is being held in Lebanon, where politicians and business leaders are discussing how to kick-start the oil industry. Huge reserves of gas and oil lie beneath…

 
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