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The price of oil in the global market is highly expected to remain within the range of $70 to 75 per barrel until the end of the year. (Shutterstock)
August 10th, 2018 - 07:00 GMT

Kuwait Predicts Stagnant Oil Price Until Year End

The price of oil in the global market is highly expected to remain within the range of $70 to 75 per barrel until the end of the year, a Kuwaiti official said on Wednesday.
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Sources in OPEC said the group would reduce output to 32.5 million barrels per day from current production of 33.24 million bpd, according to Reuters. (File photo)
September 29th, 2016 - 06:13 GMT

OPEC reaches consensus on cutting output

Critics of the new contract are worried about giving foreign companies a stake in the fields. (File photo)
September 18th, 2016 - 04:13 GMT

Revised Iranian oil contract paves way for $10B of investments by 2017

Al Bawaba
December 28th, 2015 - 02:00 GMT

Iran bases new budget on oil at $35

Al Bawaba
November 29th, 2015 - 09:00 GMT

Iran woos oil and gas giants at its biggest industry event

Al Bawaba
July 20th, 2015 - 12:52 GMT

Iran oil to hit 4.7 million bpd soon: petroleum minister

On March 1, Iranian Oil Minister Bijan Namdar Zanganeh said that Iran's oil industry would head forward, with or without sanctions.
May 15th, 2014 - 03:47 GMT

A post-sanctions refined relationship? Chinese companies to invest $3 billion into increasing Iran's oil refining capacities

Crude oil prices are currently healthy and fair to producers, Al Rumhy said
February 8th, 2012 - 05:25 GMT

Oil producers 'will meet demand if Iran supply is cut'

Al Bawaba News

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