Saudi Arabia seeks oil as high as $100 in coming days.
Top oil exporter Saudi Arabia would be happy to see crude rise to $80 or even $100 a barrel, three
Read more
Oil Prices
Oil prices in Kuwait from Sept-1,2016.
Long lines of cars snaked out of gas stations yesterday, as motorists rushed to fill up before petrol prices go
Read more
Kuwait to let private sector manage airport, ports.
Kuwait’s government plans legislation that will let the private sector manage commercial ports and the country’s international airport, with the
Read more
Kuwait’s KPC to sell loss-making assets to cut costs.
State-run Kuwait Petroleum Corp (KPC) plans to sell loss-making assets to cut costs as low oil prices pressure its finances,
Read more
BP posts biggest annual loss, announces massive job cuts.
BP slumped to its biggest annual loss last year and announced thousands more job cuts on Tuesday, showing that even
Read more
$1trn oil, gas projects could be cancelled over oil price slump.
The steep fall in energy prices will hit investment in oil and gas projects worldwide and the industry may cancel
Read more
Oil prices may jump to USD 200 if wide-scale war erupts.
Prices of oil on the international markets are forecast to jump to USD 200 per barrel in the event the
Read more