Nizar Al-Adsani | Al Bawaba

Nizar Al-Adsani latest

OPEC’s 13 members and 11 other producers have trimmed output by more than 1.5 million barrels a day since the deal started this year, out of a pledged 1.8 million (Shutterstock)

January 26th, 2017 - 12:00 GMT

Kuwait to spend $115B in energy over five years, sees oil market balance this year

Kuwait is confident that oil cuts will bring the markets into balance early this year, according to its oil minister Essam Al-Marzouk.

Al Bawaba

January 22nd, 2015 - 05:43 GMT

Oil prices have reached ‘bottom’ but to remain below $100 for next few years

Oil prices will stay at about $65 a barrel for at least half a year until OPEC changes its collective production

December 10th, 2014 - 05:36 GMT

Kuwait says oil prices 'stuck' at $65, unless OPEC changes it mind