Kuwait Petroleum Corp unit signs $1 bln loan

Kuwait Petroleum Corp unit signs $1 bln loan

Kufpec is responsible for exploration, development and production of crude oil and natural gas outside Kuwait

What's behind Saudi's oil policy? Time for the conspiracy theorists to have their say

What's behind Saudi's oil policy? Time for the conspiracy theorists to have their say

Some claim it is aiming to see off the challenge from US shale oil. Others believe it will let prices fall to $70 to heap pressure on Russia and Iran ahead of the upcoming 27 OPEC meeting

Kuwait cabinet calls for steps to address oil price slide

Kuwait cabinet calls for steps to address oil price slide

Gulf state has one of the strongest fiscal positions among the Gulf oil exporters, needing a price of just $54 per barrel to balance its budget

Iran oil minister slams producers for not cutting output

Iran oil minister slams producers for not cutting output

Tehran needs a much higher oil price to balance its state budget than Saudi Arabia

Saudi crown prince says kingdom continues with its balanced oil policy

Saudi crown prince says kingdom continues with its balanced oil policy

The OPEC member is "supporting the global economic growth and its stability" he said

Struggle for Libyan oilfield reflects fractured nation's conflict

Struggle for Libyan oilfield reflects fractured nation's conflict

The 340,000-barrels-a day El Sharara oilfield was attacked last week by gunmen who shut off a main source of government revenue

Masdar Institute and Strata in research tie-up

Masdar Institute and Strata in research tie-up

The research collaboration will focus on developing novel and advanced testing systems and methods for aerospace structures

Oil falls below $80 to lowest level since 2010

Oil falls below $80 to lowest level since 2010

Lower Chinese economic growth and booming US shale output, making a return soon to high prices unlikely, says International Energy Agency

Kuwait to spend $40bn to boost oil output to 4m barrels per day by 2020

Kuwait to spend $40bn to boost oil output to 4m barrels per day by 2020

Oil minister Ali Al Omair said he hoped the oil price would not drop to a level that's harmful for the economy

Venezuela's Ramirez tours Qatar, Iran and Algeria to discuss oil

Venezuela's Ramirez tours Qatar, Iran and Algeria to discuss oil

Foreign Minister met with Saudi Oil Minister Ali Al Naimi at a climate conference last week


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