Kuwait has approved a new financing and liquidity law, enabling it to borrow up to $97.3 billion to fund projects aimed at ...

Greetings, and welcome to NESR Fourth Quarter 2024 Financial Results call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.

Oil-rich Kuwait temporarily cut electricity in some industrial and agricultural areas on Wednesday as demand for power surged ...

The purpose of OPEC is to “coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular ...

KUWAIT CITY - The profits of local oil companies affiliated with Kuwait Petroleum Corporation (KPC) will remarkably improve in the 2025/2026 budget, in contrast to the current fiscal year when profits ...

Output for December 2024 was revised lower by 110 kb/d and January 2025 output was revised higher by 28 kb/d compared to last month’s report. The increase in Iran and Venezuela’s crude output ...

Kuwait has released 10 American prisoners, including veterans and military contractors jailed for years on drug-related ...

Kuwait is preparing to allow banks to offer mortgages for the first time, a move that could reshape the oil-rich nation’s ...