Middle East

‘Extending the output pact signed in early December will not be a problem and producers will do as the market demands’Opec and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million barrels per day does not balance...






Qatar Petroleum (QP) is looking to invest at least $20 billion in the United States over the coming few years, its chief executive told Reuters, after the Gulf Arab state unexpectedly quit Opec this month.Saad Al Kaabi, who holds the energy portfolio of the world’s top liquefied natural gas (LNG...






Kuwait light oil output to riseDUBAI: Kuwait’s production of light crude is expected to rise to 250,000 barrels per day in three years’ time and to 300,000 bpd by 2023, Ali Hussain Al-Kandari, manager of production and projects at Kuwait Oil Company said.Light crude output is currently 180,000 bpd...






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