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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.
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Kuwait’s HEISCO Wins KD1.92 Million Order to Replace FCC Regenerator at KNPC’s Mina Al-Ahmadi Refinery

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Gulf Crude Output Rose 5% to 16.9 Million Barrels a Day in 2025, About 22.5% of World Supply, GCC-Stat Says

Crude oil production in the six Gulf Cooperation Council states rose 5% to 16.9 million barrels per day in 2025, while exports climbed 6.1% to 12.2 million barrels per day, GCC-Stat said.
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Kuwait Approves KWD5.38 Million of Emergency Contracts for Damaged KOTC Tankers

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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

Kuwait’s HEISCO Wins KD1.92 Million Order to Replace FCC Regenerator at KNPC’s Mina Al-Ahmadi Refinery

Heavy Engineering Industries and Shipbuilding Company (HEISCO) has received a KD1.92 million ($6.2 million) purchase order to help replace a regenerator in a fluid catalytic cracking unit at KNPC's Mina Al-Ahmadi refinery.

Gulf Crude Output Rose 5% to 16.9 Million Barrels a Day in 2025, About 22.5% of World Supply, GCC-Stat Says

Crude oil production in the six Gulf Cooperation Council states rose 5% to 16.9 million barrels per day in 2025, while exports climbed 6.1% to 12.2 million barrels per day, GCC-Stat said.

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OPEC+ Approves August Oil Production Increase of 188,000 Barrels Per Day to Support Market Stability

OPEC+ Output will increase in August after seven major producers agreed to raise crude production while continuing efforts to support market stability. The latest...

Kuwait Petroleum Seeks Global Fund Consortia for $7 Billion Pipeline Stake Sale

Kuwait pipeline deal reflects a major push to attract global capital into energy infrastructure. It also signals stronger international interest in Gulf assets. In...

Kuwait Prepares to Increase Oil Production and Export Shipments as Confidence Grows in Strait of Hormuz Trade Recovery

Kuwait Oil is moving back into focus as the country prepares to increase energy exports through the Strait of Hormuz. Recent developments have encouraged...

Kuwait Oil Recovery Gains Momentum as Production Targets Move Closer to 2 Million Barrels Per Day

Kuwait Oil Recovery has become a major focus as the country works to restore crude oil production following recent disruptions. The government now expects...

Action Energy Secures KWD 40.9 Million To Expand Drilling Fleet And Energy Services In Kuwait

Action Energy has secured new financing to support its expansion plans in Kuwait’s energy sector. The Action Energy funding package totals KWD 40.9 million....

Kuwait Oil Prices Fall Alongside Global Benchmarks as Traders Monitor Supply and Demand Trends

Kuwaiti oil prices recorded a sharp decline in the latest trading session, reflecting broader weakness across global energy markets as crude benchmarks moved lower. According...

Action Energy Strengthens Growth Strategy With New Financing From Local Kuwaiti Banks

Kuwait’s Action Energy strengthened its expansion plans after securing new and renewed banking facilities from local lenders. The company aims to grow its operations...

Action Energy Company Secures $132 Million Financing to Expand Kuwait Drilling Operations

Energy Growth Kuwait continues to strengthen the country’s upstream energy sector. Action Energy Company secured new credit facilities worth KWD40.9 million, equal to nearly...

Oil Export Nations Benefit from High Crude Prices Amid Global Economic Pressure

Oil dependence on oil revenues continues to influence global economic stability as crude prices remain elevated in 2026. Major oil-exporting countries benefit from stronger...

Kuwait Advances Major Solar and Power Tenders Toward 2026 Awards

Kuwait solar bids shape the country’s renewable energy direction as major projects move toward award stages in 2026. Kuwait prepares to announce key decisions...

Oil Prices Rise as Ceasefire Uncertainty Shakes Global Markets

The oil market surge returned to headlines as tensions between the United States and Iran intensified. Investors reacted quickly to uncertainty surrounding a fragile...

Gulf Economy Shock Spreads Across Middle East as Energy, Trade, and Investor Confidence Decline Amid Regional Conflict

A Gulf economy shock continues to spread across the Middle East as regional conflict intensifies. This Gulf economy shock affects trade, energy flows, and...
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