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Oil Prices Drop Sharply as Kuwaiti Crude Falls to $113

The price of Kuwaiti crude oil declined sharply this Tuesday as global markets reacted to shifting supply expectations. Data from the Kuwait Petroleum Corporation...
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Kuwait Oil Company Triggers 30% Workforce Rotation

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Gulf States Slash Oil Production by 6.7 Million BPD Amid Strait of Hormuz Crisis

Global oil markets faced a historic shock Tuesday as Bloomberg reported that Iraq, Saudi Arabia, the UAE, and Kuwait have collectively cut production by...
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Gulf Oil Crisis Intensifies As Kuwait Halts Exports And Prices Surge

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Oil Prices Drop Sharply as Kuwaiti Crude Falls to $113

The price of Kuwaiti crude oil declined sharply this Tuesday as global markets reacted to shifting supply expectations. Data from the Kuwait Petroleum Corporation...

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Oil Prices Drop Sharply as Kuwaiti Crude Falls to $113

The price of Kuwaiti crude oil declined sharply this Tuesday as global markets reacted to shifting supply expectations. Data from the Kuwait Petroleum Corporation...

Kuwait Oil Company Triggers 30% Workforce Rotation

The Kuwait Oil Company (KOC) transitioned to an emergency "30% workforce" model this Tuesday. This precautionary measure aims to protect personnel during the ongoing...

Gulf States Slash Oil Production by 6.7 Million BPD Amid Strait of Hormuz Crisis

Global oil markets faced a historic shock Tuesday as Bloomberg reported that Iraq, Saudi Arabia, the UAE, and Kuwait have collectively cut production by...

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Local Firm Awarded Trunk Line Project for Kuwait Oil Co.

Kuwait Oil project advances as MECC secures a crucial trunk line contract, aiming to boost northern field production. This development is pivotal for the...

Kuwait Strengthens Border Security with Major Diesel Smuggling Operation Bust

Kuwaiti authorities successfully dismantled a diesel smuggling operation, seizing a farm in Abdali and arresting nine suspects. This diesel smuggling operation highlights the government’s...

KPC Excellence Award Strengthens Innovation in Kuwait

Kuwait Petroleum Corporation (KPC) has launched the KPC Excellence Award to promote innovation, teamwork, and high performance across the oil sector. Accordingly, officials emphasized...

Middle East Oil Producers to Boost Supplies to India in December

Middle Eastern oil producers Saudi Arabia, Iraq, and Kuwait will increase crude oil supplies to India in December. This move comes as Indian refiners...

Kuwait Commemorates 34 Years Since Last Oil Well Fire

Well extinguishment in Kuwait marks 34 years since Iraqi forces set fire to the last of 737 oil wells in February 1991. The event...

ADNOC Drilling Acquires 80% of MB Petroleum to Expand Gulf Presence

The ADNOC Drilling will acquire an 80% stake in MB Petroleum Services, marking its second regional acquisition. This move accelerates the company’s expansion across...

Kuwait Oil Company Drives Operational Excellence and Secures Energy Future

Kuwait Oil Company achieves record oil and gas production, advances offshore exploration, and strengthens digital transformation. KOC empowers Kuwait’s energy future with innovation, sustainability,...

Oil Kuwait crude price rises amid global market rebound

Oil prices in Kuwait climbed steadily this week. The Kuwait Petroleum Corporation confirmed the increase, as crude oil rose by $1.46 to reach $64.53...

Global Oil Surplus May Shift To Shortage in Coming Years

The global oil surplus is expected to continue through this year and next, as production levels remain higher than demand. However, experts predict a shift toward...

Reducing Oil Dependence Remains Kuwait’s Key Economic Challenge

Kuwait continues to rely heavily on oil dependence, according to the latest IMF assessment. The International Monetary Fund (IMF) analyzed the country’s economic and...

Kuwait Oil Capacity Hits Highest Level in a Decade

Kuwait’s oil production capacity has climbed to 3.2 million barrels per day, the highest level in more than 10 years. Oil Minister Tariq Al-Roumi...

Kuwait Oil Sector Leaders Outline Vision at Annual Forum

The Kuwait oil sector gathered senior executives in Kuwait City to outline strategies for growth, training, and sustainability. At the annual oil sector leaders’ forum, Kuwait...
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