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OPEC+ Keeps October Oil Output Unchanged as Members Prepare for 2027 Quota Talks

OPEC+ kept its oil output policy unchanged for October during a meeting on Sunday. OPEC+ now faces important decisions about future production levels and...
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US-Iran Escalation Sends Oil Prices Higher as Strait of Hormuz Supply Risks Grow

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Kuwait Launches $3.3 Billion Tender for Major Onshore Facility Linked to Al-Durra Gas Development

Kuwait has launched a major tender for an onshore facility linked to the Al-Durra gas development. The project carries an estimated value of $3.3...
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Kuwait Moves Ahead with $372 Million Desalination Plant to Strengthen Water Security and Meet Future Demand

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OPEC+ Keeps October Oil Output Unchanged as Members Prepare for 2027 Quota Talks

OPEC+ kept its oil output policy unchanged for October during a meeting on Sunday. OPEC+ now faces important decisions about future production levels and...

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OPEC+ Keeps October Oil Output Unchanged as Members Prepare for 2027 Quota Talks

OPEC+ kept its oil output policy unchanged for October during a meeting on Sunday. OPEC+ now faces important decisions about future production levels and...

US-Iran Escalation Sends Oil Prices Higher as Strait of Hormuz Supply Risks Grow

Hormuz oil prices moved higher after renewed fighting between the United States and Iran increased concerns about regional energy supplies. The latest escalation has...

Kuwait Launches $3.3 Billion Tender for Major Onshore Facility Linked to Al-Durra Gas Development

Kuwait has launched a major tender for an onshore facility linked to the Al-Durra gas development. The project carries an estimated value of $3.3...

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Saudi Arabia and Kuwait Push Energy Deals Amid Regional Tensions

Saudi Arabia and Kuwait are pushing ahead with major energy projects despite the ongoing regional conflict. The Middle East war has targeted oil and...

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...

Gulf Oil Crisis Intensifies As Kuwait Halts Exports And Prices Surge

Gulf oil crisis escalates as Kuwait began cutting crude production after storage tanks approached capacity. Officials say very large crude carriers cannot transport oil...

Kuwait Pipeline Stake Sale Talks Advance With Global Funds

Kuwait pipeline stake discussions have entered an early but active phase. Moreover, Kuwait pipeline stake negotiations now involve several major global investment firms. As...

KPC Pipeline Deal Attracts $7 Billion Investment

Kuwait’s KPC pipeline deal is attracting interest from global investors as the company explores a $7 billion stake sale. Early talks have involved several...

Kuwait to Build Power and Steam Plant in Ratqa

Kuwait Petroleum Corporation (KPC) signed an MoU with the Ministry of Electricity, Water and Renewable Energy and Kuwait Oil Company (KOC) to build the...

Saudi Arabia and Kuwait Advance Divided Zone Projects

Saudi Arabia and Kuwait strengthened cooperation on major Divided Zone Projects during a meeting in Al-Khafji, Saudi Arabia, on Sunday. Furthermore, the discussions highlighted...

Kuwait Launches Oil Sector Digital Transformation to Boost Efficiency

Kuwait has officially launched a comprehensive oil digital transformation, aiming to enhance efficiency, competitiveness, and profitability. The initiative includes 24 initial digital projects, with...

Kuwaiti Experts Downplay Venezuela Oil Risks for Global Market

Kuwaiti oil experts say recent events in Venezuela are unlikely to disrupt global oil markets in the short or medium term. Even after the...

Mideast Contracts Lift Wood Regional Growth

Mideast contracts powered a strong year for Wood after the company secured more than one billion dollars in awards. The Aberdeen-based engineering and consulting...
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