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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.
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Kuwait's oil output is in the range of 3 million bpd, the country's oil minister has stated.
April 9th, 2013 - 12:09 GMT

Kuwaiti oil output at 3million bpd - Minister

Iraq and Jordan sign an agreement to build an oil pipeline between the two nations
April 9th, 2013 - 07:27 GMT

Iraq and Jordan sign oil pipeline deal

Growth in 2011 was affected by falls in output in the trade, manufacturing and finance sectors
March 31st, 2013 - 08:25 GMT

Kuwaiti non-oil GDP set to keep growing

Kuwait budget surplus to top $50 bn in 2012-13
March 21st, 2013 - 08:43 GMT

Oil helps Kuwait register huge budget surplus

Lebanon’s agriculture sector seemed to be heading for a new phase of development after 20 years
March 14th, 2013 - 07:33 GMT

Lebanese farmers getting help with climate change precautions

Sanctions against Iran appear to be working as refineries in India look elsewhere for oil, a market analyst said
March 13th, 2013 - 01:56 GMT

Iran's oil customers feeling squeezed as sanctions take hold

The Middle East will still play a pivotal role in providing oil to the global economy, a US think tank said
March 3rd, 2013 - 08:47 GMT

MENA to remain 'pivotal' to global energy supply

It estimates that Iran lost over $40 billion in export revenues in 2012 or about $3.4 billion per month
February 25th, 2013 - 08:42 GMT

Iran oil to continue to slip - IEA

Nominal GCC GDP is to hit a record high, according to a leading regional expert
February 20th, 2013 - 12:03 GMT

Nominal GCC GDP hits record high

Most analysts now see demand growth of 0.9 to 1.0 mbpd in 2013
February 14th, 2013 - 10:55 GMT

Kuwait to record $50 billion budget surplus

Saudia Arabia's King has appointed a new boss of the Kingdoms's Higher Economic Council
February 12th, 2013 - 08:57 GMT

House of Saud appoints new boss of Economic Council

Kuwait economic growth expected at 3.2% in 2013 – Non-oil sector to grow by 5%
February 3rd, 2013 - 09:33 GMT

Kuwait economy to grow steadily over next two years

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