Brent oil prices could spike above $100 per barrel if the Gulf Arab countries run out of storage space and shut down ...

The cuts signal a broader storage crisis that poses new risks to the global market.

Kuwait cut oil output after storage tanks filled on day 18 of the Hormuz closure. Gulf shut-ins may reach 5 million barrels per day.

State-held Kuwait Petroleum Corporation is planning to sell a minority stake in its crude oil pipeline network in a $7 billion lease-and-re-lease deal, attracting interest from major international ...

Bid prices submitted early last month for the initial three jobs vary from $150 million to more than $300 million. The leading bidders ranged from Italy’s Hera Group at $150 million to ...

Kuwait aims to produce 14.5 million tonnes of petrochemicals per year by 2040 as part of a long-term drive to reduce reliance on sales of crude oil, the country’s oil minister has said. The target, ...

KPC to invite firms to help develop three offshore fields Project could hike Kuwait's output to 4 million bpd by 2035 Kuwait would retain state ownership of hydrocarbons KUWAIT, Feb 3 (Reuters) - ...