Officials and economists warned that the war in the Middle East has transformed from a geopolitical crisis into a “protracted ...

Amid the financial pressures resulting from the war in the Middle East and their impact on the financial situation in Kuwait ...

Kuwait aims to elevate its oil production capacity from 2.7 million to 3.15 million bpd within four years. Along with this, the country plans to boost its natural gas production by a significant 79%.

Kuwait's new government aims to support the development of the energy industry while facing calls for economic diversification to lessen dependence on oil revenues. After suffering a significant ...

Kuwait is a major OPEC producer and a key component of global energy supply chains, exporting primarily to Asia and Europe.

Kuwait’s oil sector came under a fresh barrage of attacks overnight and into Sunday as drone strikes sparked fires at ...

Investing.com — Kuwait has confirmed reports that it reduced oil and refinery production on Saturday, citing disruptions linked to declining shipping activity through the Strait of Hormuz. OPEC’s ...

One of the big concerns facing the oil market revolves around the ability of Gulf oil producers to restore oil supply once ...

Kuwait declared a further force majeure on shipments of crude oil and refined products, taking into account that it would not be immediately able to meet its full obligations to customers even when ...

Middle East petro-state Kuwait is poised to significantly boost its oil revenues to more than $81.9 billion this financial year, led by robust oil prices. Oil revenues for the fiscal year 2022-2023 — ...

KUWAIT (Reuters) -Kuwait's Oil Minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply, demand trends, and U.S. President Donald Trump's recent remarks on Russian ...

Kuwait, a key member within the Organization of Petroleum Exporting Countries, is currently producing about 2.7 million barrels per day — YASSER AL-ZAYYAT The Kuwait Oil Company declared a "state of ...