Demand On OPEC Crude Drops Seven Million Barrel A Day Due To COVID-19
OPEC said demand for its crude in 2020 has dropped by around 7 million a day to 22.4 million barrels a day compared with 2019 as a result of the COVID-19 pandemic. Demand for OPEC crude in 2021 will b...
October 13, 2020367Category: Coronavirus
Kuwait Production Of Light Crude Currently Stands At 180,000 Bpd
Kuwait’s production of light crude currently stands at 180,000 barrels a day, according to director of production operations and gas projects at the Kuwait Oil Company (KOC), Ali Al-Kandari, rep...
December 30, 2018486Category: Business
Kuwait Says Light Crude Production Sits At 180,000 Barrels Per Day
Kuwait currently churns out around 180,000 barrels of light crude oil per day, in addition to half a billion cubic feet of free gas, state-run Kuwait Oil Company (KOC) said on Tuesday.
Light ...
December 26, 2018401Category: Kuwait
Price Spike Seen For Kuwait Light Crude Oil – Demand High
On the occasion of Kuwait’s first light crude oil shipment, MP Osama Al-Shaheen praised all the concerned officials and employees for their efforts in making such a milestone possible; pointing ...
November 09, 2018673Category: Kuwait
Kuwait Holds Ceremony To Mark First Light Crude Export
Under the auspices of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Kuwait on Wednesday held a ceremony to inaugurate the Gulf state’s first shipment of light crude oil.
Upon...
November 08, 2018380Category: Kuwait
KPC Signs Contract To Supply Crude Oil To Chinese Oil Refinery
Kuwait Petroleum Corporation (KPC) recently signed a contract for the supply of crude oil to a Chinese oil refinery, reports Al- Shahed daily.
Managing Director for International Marketing at KPC W...
November 01, 2018479Category: Business
Kuwait Stops Crude Export To US
Bloomberg last week published brief news with reference to Kuwait’s decision to stop selling crude oil to the US market. This was picked up by other agents, and eventually everybody started spec...
October 07, 2018634Category: Business
Kuwait Crude Price Around $65-75 Pb Until End Of 2018
Kuwait crude price to remain in the range of $65-75 pb until the end of 2018, an oil expert said Sunday. In an interview with KUNA, oil expert Dr Abdul-Samie’ Behbehani projected the Brent crude...
July 09, 2018606Category: Economics
Congratulation Kuwait For Super Light Crude Oil
Finally 72 years after the first cargo shipment of Kuwait Export Crude (KEC), Kuwait will begin exporting its super light crude oil with 48 API to the world from the end of this month. So far, Kuwait ...
June 10, 20182762Category: Economics
Kuwait Ahead In Gulf Region With 44.4 Billion-worth Projects
Oil-rich governments are increasingly relying on the private sector in a key change across the Middle East and North Africa, a report said Wednesday.
The value of public-private partnership (PPP) p...
October 13, 20171454Category: Kuwait
Kuwait Backs Call To Extend Oil Output Cuts
Kuwait on Tuesday backed a call by top oil producers Saudi Arabia and Russia to extend a deal on crude production cuts for nine more months.
"Kuwait gives its full backing and support to the j...
May 16, 2017939Category: Kuwait
KPC And Tupras Signed A Deal With Kuwaiti Crude Oil
Kuwait Petroleum Corporation (KPC) and Turkish Petroleum Refineries Corp. (Tupras) signed a deal to provide the latter with Kuwaiti crude oil, KPC announced in statement on Thursday.
This strategic...
April 28, 20161095Category: Kuwait