Leading News Source For Middle East
The target of the Organization of Petroleum Exporting Countries (OPEC) to reduce the total output by 1.2 million barrels per day is expected to be missed as a source within the oil cartel revealed that “compliance (regarding the agreement to Read more
Kuwaiti Oil Minister Ali al-Omair has requested his Saudi peer Ali al-Naimi to resume work at the offshore Khafji oilfield after production was stopped in October 2014. In a letter addressed to Niami, the Kuwaiti minister pointed out that Riyadh’s Read more
Riyadh and Abu Dhabi have backed the decision made by the OPEC to maintain the current levels of production, and blamed speculators and producers outside the cartel for the fall in prices. During the past six months, oil prices have Read more
Kuwaiti oil minister Ali Al-Omair has paid a visit to Kuwait Petroleum Refinery site at Rotterdam where he was taking on a conducted tour to view the various departments and inspect their different installation. Al-Omair was accompanied by a delegation Read more