Kuwait’s cabinet approved a draft decree that paves the way for the OPEC-member Gulf state to sell international debt for the ...

Separate from the demand-side factors, supply-side considerations include OPEC policies and the growth of shale production in the US, as well as sanctions imposed by the US on oil-producing nations.

The expected improvement is attributed to Kuwait’s gradual increase in its OPEC Plus share, scheduled to begin in April. The share of Kuwait will increase from 2.413 million barrels to 2.421 million ...

thanks to a combination of an improved outlook for the global economy and news of Opec production cuts, according to the report by National bank of Kuwait (NBK). The price of Kuwait Export Crude ...

Aug. 2, 1990: Iraq’s invasion of Kuwait marked the second war among OPEC members. Repelled the following year by a US-led coalition the withdrawing Iraqi troops set fire to Kuwait’s oil wells.

Image by ClusterX via iStock A statement posted on OPEC’s website on Monday revealed that Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman will start ...

UAE raised its production by 23,000 bpd to 2.983 million bpd, per OPEC’s secondary sources, compared to a quota of 2.976 million bpd. Kuwait’s production rose by 25,000 bpd to 2.639 million ...

Opec also announced the extension of oil production cuts of 1.65 million barrels per day until the end of 2026. Kuwait's GDP contracted by 3.6 per cent last year, due largely to a 4.3 per cent ...

In hopes of exerting more authority over their own resources, Iran, Iraq, Kuwait, Saudi Arabia and Venezuela created OPEC at the Baghdad Conference in 1960. Which Countries Are Members of OPEC?