Oil News in Kuwait

A New Era of Export Oil Operations in Kuwait
2/24/2021 - Taking the operations of one of the Middle East’s biggest upstream projects into a new era, our Lower Fars heavy oil development project team has completed the successful integration of Kuwait Oil Com...
Kuwait Hopes to Resolve Neutral Zone Issue with Saudi Arabia by Year End
12/22/2019 - Kuwait’s oil minister said on Sunday he hoped Kuwait and Saudi Arabia will resolve the Neutral Zone issue by the end of 2019. The two countries halted output from the jointly-run oilfields - Khafji an...
Kuwait Renews Gas Oil Supply Contract with Lebanon
11/29/2018 - Kuwait Petroleum Corporation has renewed its contract with Lebanon’s energy ministry to supply Lebanon’s state electricity company with gas oil for a year at international market prices, Kuwait News A...
Kuwait and UAE Oil Demand - November 2017
Kuwait and UAE Oil Demand - November 2017 11/29/2017 - Oil requirements also increased in Kuwait and the UAE by 3% and 2%, respectively, y-o-y as growth in the transportation fuels appeared to be the main source of support in both countries. ...
Kuwait Says Agreement on Oil Output Cuts must Satisfy all Parties
5/23/2017 - Oil producers agree they need to do whatever is necessary to restore balance to the crude market but any decision on output cuts must satisfy all parties, Kuwait's oil minister told state news agency ...
Kuwait's KPC Informs Customers of Lower Oil Supplies in Jan 2017
12/13/2016 - Kuwait Petroleum Corporation (KPC) said on Tuesday it had officially notified its customers of a cut in their contractual crude oil supplies for January, in line with a deal with OPEC to reduce produc...
SPE International Heavy Oil Conference & Exhibition
12/7/2016 - The third edition of the SPE Heavy Oil Conference and Exhibition taking place at the Hilton Kuwait Resort welcomed 781 delegates from 128 companies and 28 countries on its opening day. The three-day c...
Middle East Oil Demand - August 2016
Middle East Oil Demand - August 2016 8/17/2016 - In June 2016, total oil demand in Saudi Arabia stands at 2.76 mb/d, with oil demand contracting by around 0.22 mb/d, or around 8% y-o-y, primarily as consumption for direct crude for burning declined....
Middle East Oil Demand - July 2016
Middle East Oil Demand - July 2016 8/8/2016 - In Saudi Arabia, oil demand figures declined for the second consecutive month in May 2016. Oil requirements decreased by around 0.18 mb/d, or more than 6%, compared with the same month in 2015. All pr...
Kuwait Energy Signs Block 9 Export Oil Sales Agreement in Iraq
4/10/2016 - Kuwait Energy plc, is pleased to announce the signing of Block 9 Export Oil Sales Agreement. The Export Oil Sales Agreement, signed between a consortium led by Kuwait Energy plc and the State Oil Mark...
Kuwait will Commit to Oil Freeze Only if Others Do So
3/8/2016 - Kuwait will commit to a potential global oil production freeze if major oil producers, including Iran, also agree to join the pact, acting oil minister Anas Al-Saleh said yesterday. OPEC leader Saudi ...
Middle East Oil Demand in March 2015
Middle East Oil Demand in March 2015 3/17/2015 - In 2015, Middle East oil consumption is expected to continue growing at a steady pace, increasing by 0.28 mb/d from 2014 levels. Most of this growth is expected to come from Saudi Arabia with a foreca...
Oil Price Fall Hitting Gulf Arab Incomes
12/9/2014 - Kuwait's emir said that falling oil prices were affecting the incomes and development programmes of petroleum-producing Gulf Arab states. ...
Kuwait Calls for Steps to Address Oil Price Slide
11/16/2014 - Kuwait's cabinet called for practical steps to address the slide in oil prices on Sunday at a special session convened to examine weakening energy markets, official media in the petroleum-dependent OP...
Kuwait to Raise Crude Oil Exports to Egypt
11/4/2014 - Kuwait plans to raise its crude oil exports to Egypt to up to 100,000 barrels per day from 65,000 bpd now and is ready to supply it with refined fuel too if needed, a Kuwaiti oil official said. ...
Kuwait to Boost Oil Exports to China to 500,000 bpd in Three Years
8/23/2014 - Kuwait plans to increase the volume of crude oil exports to China to 500,000 barrels a day (bpd) in three years, an executive at the state-run Kuwait Petroleum Corporation (KPC) said. ...
Kuwait Remains S. Korea''s Key Crude Oil Supplier
2/22/2013 - Kuwait remained South Korea's number-two crude oil supplier in January, with its shipments to the country exceeding 300,000 barrels per day (bpd) for the third straight month, according to latest data...
KPC Renews USD 7.7b Crude Supply Contract to IOC
11/5/2012 - Kuwait Petroleum Corporation (KPC) has renewed a contract for an annual supply of crude to the state-owned Indian Oil Corporation (IOC) worth USD 7.5 billion a year. After a meeting with IOC represent...
Kuwait''s Crude Oil Exports to Japan Down 17.7 Pct
10/31/2012 - Kuwait's crude oil exports to Japan fell 17.7 percent in September from a year earlier to 7.89 million barrels, or 263,000 barrels per day (bpd), for the first decline in two months, the government sa...
Kuwait's Crude Oil Exports to China Up 19.5 Pct
10/30/2012 - Kuwait's crude oil exports to China grew 19.5 percent in September from a year earlier to 721,000 tons, equivalent to around 176,000 barrels per day (bpd), latest government data showed. Kuwaiti share...

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