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OPEC Kuwait News is an EIN News Service for energy industry professionals. Constantly updated news and information about energy.
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Latest OPEC Kuwait News

  • OPEC basket price up 95 cents to USD 76.73 pb 24 Nov 2009 19:14 GMT
    ... Nov 24 (KUNA) -- The price of OPEC basket of 12-crudes gained 95 cents on ... USD 75. 78 the previous day, the Organization of the Petroleum Exporting Countries (OPEC) announced. According to OPEC bulletin, the ... (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light ...

  • Oil prices struggle to stay up USD 80 mark -- bulletin 24 Nov 2009 18:22 GMT
    ... KUWAIT, Nov 24 (KUNA) -- Oil prices hovered around the USD 80 mark as doubts over ... 2009 compared to original estimates. According to OPEC the world oil demand is expected to ...

  • New features at IPTC highlight oil and gas industry benefits to potential recruits, help young professionals survive economic downturn 24 Nov 2009 10:30 GMT
    ... from worldwide organisations such as Shell, Schlumberger, Kuwait Oil Company and ExxonMobil. "We will address key issues such as career progression opportunities, ... the Organisation of the Petroleum Exporting Countries (OPEC) and the Organisation of Arab Petroleum Exporting ...

  • Oil prices moving between USD 75 to 80 "normal" - experts 24 Nov 2009 07:53 GMT
    ... KUWAIT, Nov 24 (KUNA) -- Oil experts said that oil prices see-sawing between USD 75 to 80 ... an annual climb of 1.7 percent. Meanwhile, OPEC and the International Center for Energy Studies ...

  • Gulf economies 'will recover in 2010,' risks remain ' poll 24 Nov 2009 00:11 GMT
    ... did not have to take part in OPEC-led oil output cuts, should see GDP growth ... growth of 4.3 percent next year, while Kuwait and Bahrain will manage growth of only 2.7 percent and 2.6 percent, respectively. “For 2010, ...

  • Qatar to top Gulf growth 23 Nov 2009 20:55 GMT
    ... did not have to take part in Opec-led oil output cuts, should see GDP growth ... GDP growth of 4.3% next year, while Kuwait and Bahrain will manage growth of only 2.7% and 2.6%, respectively. “For 2010, it is ...

  • Gulf Growth Outlook Brightens 23 Nov 2009 20:26 GMT
    ... did not have to take part in OPEC-led oil output cuts, should see GDP growth ... of 4.3 per cent next year, while Kuwait and Bahrain will manage growth of only 2.7 per cent and 2.6 per cent, respectively. ...

  • Commentary: Moving Beyond Denial'¦Two Steps Forward and One Step Back 23 Nov 2009 15:16 GMT
    ... Ray Leonard, former VP with Russian and Kuwaiti oil companies: “The [peak oil] proponents are right about the fact that the ... is a lot of excess capacity within OPEC today, and it’s going to take years ...

  • Yemen foreign debt jumps to $6 bln in September 23 Nov 2009 14:12 GMT
    ... was for the International Monetary Fund, the OPEC Fund for International Development and Islamic Development ... third position, with Yemen owing Saudi, Chinese, Kuwaiti and Iraqi Funds as well as Algeria, Boland and Korea about $876.5 million. BA ...

  • Fast Market Research recommends "Qatar Oil & Gas Report Q4 2009" from Business Monitor International, 22 Nov 2009 20:15 GMT
    ... 16.2% of supply. In terms of the OPEC basket of crudes, the average price in ... quite likely. It has moved ahead of Kuwait and Bahrain, in spite of low scores for refining capacity, oil demand, retail site intensity, population, ...

  • Oil prices hinge on USD exchange rate, global economic recovery 22 Nov 2009 16:14 GMT
    ... By Ahmad Hajjaj KUWAIT, Nov 22 (KUNA) -- The data of the global oil markets show that the oil prices will ... of the Organization of Petroleum Exporting Countries (OPEC). The global cartel pledged to step in ...

  • Kuwait's 2010/11 budget to assume oil at $43-paper 22 Nov 2009 08:14 GMT
    ... KUWAIT, Nov 22 - OPEC member Kuwait is expected to base its 2010/11 budget on a crude oil price ...

  • Iran, Kuwait Pledge Cooperation During Rare PM Visit 21 Nov 2009 18:22 GMT
    ... Iran, Kuwait Pledge Cooperation During Rare PM Visit TEHRAN ... Muslim country, are both members of the Organization of the Petroleum Exporting Countries (OPEC). But Gulf Arab states are concerned about ...

  • The Oil Casino: SEC Heading for Monte Carlo, Part II 20 Nov 2009 21:17 GMT
    ... broker controlled by Vladimir Putin. Comprises Iraq, Kuwait, and the Saudi Neutral Zone. P2 assessment 140 billion barrels undiscovered. Other estimates: 140 ... get out of the Middle East, screw Opec, bring the troops home and declare energy ...

  • Kuwait crude oil sheds 44 cents to USD 77.39 bp Nov. 19 20 Nov 2009 20:35 GMT
    ... KUWAIT, Nov 20 (KUNA) -- Kuwait crude oil prices dropped by 44 cents yesterday to stand at ... demand. The Organization of Petroleum Exporting Countries (OPEC) said high speculations in energy stock exchange ...


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