Kuwait Seeks Oil Output at 43-Year High as Freeze Talks Loom
Kuwait Oil Co. will soon offer contracts for offshore rigs and support services to drill its first undersea wells as the Persian Gulf nation tries to boost crude output to Continue Reading
Kuwait Targets Oil Output at 43-Year High as Freeze Talks Loom
Kuwait Oil Co. will soon offer contracts for offshore rigs and support services to drill its first undersea wells as the Persian Gulf nation tries to boost crude output to Continue Reading
The GCC Seeks Cohesion With Renewed Urgency
For the Gulf states, maintaining unity becomes all the more important amid economic slowdown. Click here to continue reading… Stratfor provides global awareness and guidance to individuals, governments and businesses Continue Reading
Kuwait’s OPEC governor says signs point to output freeze
All signs suggest that a meeting of OPEC and non-OPEC oil producing countries in Doha on April 17 will produce an initial agreement to freeze output, Kuwait’s OPEC governor Nawal Continue Reading
Kuwait’s Economic Overhaul Plan Faces Familiar Parliament Hurdle
Kuwait’s plan to impose corporate taxes and cut fuel subsidies to reduce the OPEC member’s reliance on oil faces a familiar obstacle: a parliament that has resisted previous attempts to Continue Reading
Kuwait refines oil pricing in battle for European customers
Gulf OPEC member Kuwait has changed the way it prices oil for Europe, trading sources said, in a rare tactical move aimed at making its crude more competitive as the Continue Reading
Arab States Face $94 Billion Debt Crunch on Oil Slump, HSBC Says
Gulf Cooperation Council countries may struggle to refinance $94 billion of debt in the next two years as the region faces slowing growth, rising rates and rating downgrades, according to Continue Reading
Veterans of 1980s oil glut say this price slump, too, will last
When Sheikh Ali Khalifa al-Sabah of Kuwait thinks about today’s plunging oil prices, his mind drifts back to the mid-1980s, when he was forced to sell some of his country’s Continue Reading
Kuwait: Military Leaders From Anti-Islamic State Coalition Meet
High-ranking military officials from 30 nations fighting the Islamic State met Feb. 22 in Kuwait City, AFP reported. Security was tight at the meeting, where military leaders from the United Continue Reading
Moody’s: Gulf banks pressured by oil
Banks for members of the Gulf Cooperation Council, which includes Saudi Arabia, face pressure from low oil prices despite government support, Moody’s said. Crude oil prices continue to hold near Continue Reading