Search Results for: Kuwait
Oil prices rebounded on Tuesday on expected stockpile drop
June 5th, 2018
Oil prices rebounded on Tuesday after falling in the previous session on expectations that inventories in the United States may decline but increasing U.S. production and concerns that OPEC may raise output continue to weigh on sentiment. Brent crude ...
Early Oil Prices Review; Oil Prices Fell
December 11th, 2017
Oil prices fell on Monday as last week’s rise in the U.S. rig count pointed to a further increase in American production that could undermine OPEC-led efforts to tighten markets. A statement by Kuwait’s oil minister that OPEC and ...
U.S. Oil Prices Dipped On Increased Drilling
November 27th, 2017
U.S. oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut would be extended. U.S. West Texas Intermediate (WTI) crude ...
Oil prices holds gains as producers say market rebalancing
September 25th, 2017
Oil prices stood little changed on Monday, keeping most of their gains from the previous session to hold near their highest levels in months, as major producers meeting in Vienna said the market was well on its way towards ...
Oil steady ahead of producer meeting; Nigeria, Libya output in focus
July 24th, 2017
Oil prices held around a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day that may address rising output in Nigeria and Libya. London Brent crude for September delivery was up 2 ...
Asian stocks held two-years highs on Monday
July 3rd, 2017
Asian stocks start new month on firm footing, bonds under pressure Asian stocks held two-years highs on Monday, starting the new month on a solid footing after two quarters of gains while expectations of credit tightening by the world’s ...
Gulf countries will return to economic growth
May 8th, 2017
The International Monetary Fund (IMF) has forecast the return of GCC countries to faster economic growth starting next year, supported by a fundamentally strong financial services sector and improved growth in the non-oil private sector as well as a ...
Is oil market moving from balance into deficit?
May 4th, 2017
Market demand is heading into balance in the second half of the year, should the Organization of the Petroleum Exporting Countries (OPEC) extend its production-cut agreement with other producers from outside the group for another six months after the ...
Gulf states are spending billions to attract tourists
April 24th, 2017
Gulf states are spending billions of dollars creating ambitious strategies to attract visitors as tourism becomes a stronger plank of their economies. This week’s Arabian Travel Market in Dubai will show the changing face of the industry as entertainment ...
Oil prices set for biggest weekly drop in a month
April 21st, 2017
Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more ...
