Kuwait oil minister: If extended, output cuts might be less deep

If OPEC and non-OPEC oil producers decide to extend their six-month agreement on output cuts, the cuts may become less deep as oil demand is expected to be stronger for seasonal reasons in the second half of 2017, Kuwait’s oil minister said on Thursday.

Kuwait Says Oil at $50-$55 a Barrel Puts Producers in Good Spot

Oil at $50 to $55 a barrel would put producers in a “good position” with stockpiles expected to fall later this year, according to Kuwait’s Oil Minister Issam Almarzooq.

Honghua seals rigbuilding deal at a low $25m to Kuwait Drilling Company

China’s Honghua Group has signed a contract to build one ultra deepwater drilling rig for Kuwait Drilling Company at a surprisingly low price of $25m. ...

Kuwait’s crude oil exports to China jump 11.9 percent

Kuwait’s crude oil exports to China in November jumped 11.9 percent from a year earlier to 1.07 million tons, equivalent to about 262,000 barrels per day (bpd), latest government data showed. ...

Progress at Al Faw Grand Port in Iraq eclipses Kuwait’s Boubiyan

The company transporting rocks from the UAE to build approach works at Iraq\'s newest port says that work on an eastern breakwater is now complete, putting Iraq in poll position to win the race to build the mega-port for the northern Gulf. ...

Kuwait signs biggest crude supply deal with China

State-run Kuwait Petroleum Corporation (KPC) and China’s UNIPEC signed a landmark deal on Friday that will...

Kuwait Sees Crude Production Rising Amid Improved Extraction

Kuwait plans to increase oil output 23 percent by 2020 as improvements in how crude can be...