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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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Durra Gas Field Gets Kuwait Approval Amid Regional Dispute

Kuwait has secured final government approvals to advance the Durra gas field, a project central to its long-term energy strategy. Sheikh Nawaf Saud Al-Nasser...

Kuwait Petroleum Considers Pipeline Leasing to Raise Billions

Kuwait Petroleum Corp. (KPC) is considering leasing part of its pipeline network. The move aims to fund a $65 billion investment plan covering upstream,...

Kuwait Power Grid Efficiency Improves at Control Center

Kuwait's National Control Center plays a crucial role in managing the nation's electric grid with skill and dedication. Every day, employees monitor, operate, and...

Kuwait crude oil price falls slightly to US$69.98 per barrel

Kuwait crude oil price fell slightly, closing at US$69.98 per barrel. This marks a 9-cent drop from its earlier level of US$70.07 per barrel....

Kuwait Oil Price Increases as Global Benchmarks Decline

The Kuwait oil price recorded a slight increase, climbing by 22 cents to reach $69.23 per barrel. This development signals a modest gain in regional oil...

ADNOC Drilling Expansion into Kuwait and Oman Strengthens Gulf Oilfield Services

ADNOC Drilling expansion into Kuwait and Oman marks a strategic move to grow beyond its home base in the UAE. The company recently signed...

Energyhouse Reviews Offer for UAE Subsidiary Stake Amid Kuwait Energy Strategy Shift

Energyhouse, a leading Kuwaiti oil firm, received an offer to sell its UAE-based subsidiary. The subsidiary stake amounts to 92.5 percent of the UAE company. This...

Kuwait Extends Deadlines for $1.5 Billion Oil Project Tenders

Kuwait recently extended the Kuwait oil project tender deadlines for several major energy projects worth about $1.5 billion. This move gives contractors additional time to prepare...

OPEC Oil Output in May Rises Less Than Planned in Iraq and the Gulf

OPEC oil output in May increased slightly but fell short of expectations, as Iraq and Gulf states limited production boosts. The Reuters survey revealed...

Adnoc Drilling Oman Deal Secures 70% Stake in SLB Rigs

Adnoc Drilling has made a bold move in the regional oil sector. The company secured a 70% stake in SLB’s drilling operations in Oman....

Kuwait Oil Production to Reach 3 Million BPD by 2030

Kuwait oil plan is a massive oil investment to boost national output. The country aims to raise its oil production capacity above 3 million...

GCC Faces Economic Challenges Amid Oil Price Decline

Gulf Cooperation Council (GCC) companies are navigating a complex economic challenges landscape. The dual impact of declining oil prices and escalating trade tensions presents...
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