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Organization of Petroleum-Exporting Countries

Organization of Petroleum-Exporting Countries latest

OPEC compliance with the agreed cuts stood at 94 percent, while non-OPEC was at 51 percent in February, the International Energy Agency (IEA) said. (Shutterstock)
March 31st, 2019 - 07:59 GMT

Oil Prices Report Biggest Quarterly Rise in a Decade

OPEC compliance with the agreed cuts stood at 94 percent, while non-OPEC was at 51 percent in February, the International Energy Agency (IEA) said.
Read more
Win for pro-EU Macron and talk of extending a production deal by OPEC may not be enough to stimulate oil markets. (AFP)
May 9th, 2017 - 09:00 GMT

Macron Win, OPEC Cuts Not Enough to Stimulate Oil Markets: Analysts

Financial brokers are at their best when they’re in tune with the markets. (File photo)
May 9th, 2017 - 08:45 GMT

What Kind of News Does a Financial Broker Need to Read?

French opinion polls show centrist candidate Emmanuel Macro has a commanding lead over the far right’s Marine Le Pen. (AFP/ Eric Feferberg)
May 7th, 2017 - 11:02 GMT

Oil Stabilizes, Stocks Soar as Macron Leads French Election Polls

Kuwait Energy expects to raise around $150 million from the IPO, which is expected to start trading in June.
 (Shutterstock)
May 4th, 2017 - 08:21 GMT

Kuwait Energy Files for Listing on London Exchange in OPEC first

The Organization of Petroleum Exporting Countries (OPEC) reached a deal to cut global oil production by 1.2 million barrels per day to balance an oversupplied market through managed production declines. (AFP/ Yasser Al Zayyat)
May 3rd, 2017 - 12:00 GMT

Kuwait Petroleum Reports $715 Million Net Profit Despite Competition, Oil Turbulence

GCC IPOs witnessed in 2016 were the lowest registered in the last decade as a result of declining oil prices and heightened economic uncertainty. (Shutterstock)
April 23rd, 2017 - 11:11 GMT

Could 2017 be the year of GCC IPOs?

OPEC and non-OPEC countries signed a deal last November aimed at cutting production by 1.8 million barrels a day. (AFP/ Joe Klamar)
April 23rd, 2017 - 05:00 GMT

Oil prices stabilize as Saudi Arabia, Kuwait signal likely extension of oil output cut

Saudi Finance Minister Mohammed Al-Jadaan during a press conference in Riyadh on December 22, 2016, to announce the country's national budget for 2017. (AFP)
April 19th, 2017 - 01:43 GMT

Declining oil prices pressure Middle East's economic growth: Report

Prince Alwaleed Bin Talal once again topped the list with an estimated net worth of $18.7 billion, up by $1.4 billion from last year. (AFP/Christophe Ena)
April 13th, 2017 - 02:03 GMT

The world's richest Arabs according to Forbes: 2017 list

After registering a healthy surplus for 16 consecutive years, Kuwait posted its first budget shortfall of $15 billion in the 2015-2016 fiscal year, following a slump in oil prices. (AFP/File)
April 13th, 2017 - 12:04 GMT

Kuwait turns to reserves, international borrowing to reduce budget deficit

OPEC members in January began implementing a deal to cut production by 1.2 million barrels per day. (File photo)
April 6th, 2017 - 07:00 GMT

Iraq: Oil exports expected to increase amid infrastructure overhaul

Kuwait is expected to be the only Gulf state with a budget surplus this year. (File photo)
March 20th, 2017 - 11:35 GMT

Is Kuwait’s foreign bond sale enough to balance its budget?

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