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Latest Kuwait Mideast Oil News

  • OPEC Cartel Scuppering G7 Central Bankers Financial Sector Rescue Plans 9 May 2008 10:58 GMT
    ... The “Group of Seven” central bankers, who control the ... Switzerland this week, haunted by the “Crude Oil Vigilantes,” who threaten to unravel G-7 schemes ... triggering violent protests across Asia and the Middle East, following reports of deaths from starvation. Crude ...

  • New oil high amid demand and supply fear 9 May 2008 10:58 GMT
    ... US light crude was trading at $124.64, up 95 ... $122.84 close. Despite the continuing rises in oil prices, oil cartel However, it agrees with ... Political uncertainty is also causing concerns with Middle East unrest and production problems caused by militants ...

  • An oil-addicted ex-superpower 9 May 2008 10:55 GMT
    ... By Michael T Klare Nineteen years ago, the fall ... superpower status when a barrel of crude oil roared past US$110 on the international market, ... perhaps, to a new crisis in the Middle East (as might be occasioned by US air ...

  • Research and Markets: Kuwait National Petroleum Company Oil & Gas Company Report Presents Comprehensive Product 9 May 2008 10:53 GMT
    ... ) has announced the addition of "Kuwait National Petroleum Company ... the addition of "Kuwait National Petroleum Company Oil & Gas Company Report: Profile Includes Information ... 22 9.6 Aug 17, 2007: AMEC Wins Middle East Consultancy And Engineering Services Contract 23 10 ...

  • UPDATE 2-Shell Singapore shutdown adds to global supply woes 9 May 2008 10:26 GMT
    ... (Recasts, adds market background, details, analyst comments) SINGAPORE, ... it comes at a time when global oil prices are driven by the strength of ... Africa, Latin America and parts of the Middle East. Outages were also seen in Indonesia, where ...

  • Research and Markets: Kuwait National Petroleum Company Oil & Gas Company Report Presents Comprehensive Product and Brand Updates, Strategy Changes and Financial Events 9 May 2008 10:26 GMT
    ... DUBLIN, Ireland, May 09, 2008 (BUSINESS WIRE) -- ... the addition of "Kuwait National Petroleum Company Oil & Gas Company Report: Profile Includes Information ... 22 9.6 Aug 17, 2007: AMEC Wins Middle East Consultancy And Engineering Services Contract 23 10 ...

  • India MRPL agrees to sell diesel to Iran - source 9 May 2008 10:26 GMT
    ... NEW DELHI, May 9 (Reuters) - Indian refiner Mangalore ... at a premium of about $4.40 to Middle East Gulf quotes, an industry source said on ... Intertrade Company, fully owned by National Iranian Oil Co (NIOC), said the source. MRPL Managing ...

  • India eyes African markets, resources 9 May 2008 09:45 GMT
    ... But India is having to play catch-up as China ... country in areas such as mining and oil. Indian companies realise that if they don't ... tap a growing outsourcing business in the Middle East and North Africa. Top Indian outsourcer Tata ...

  • Petronomics 101 9 May 2008 09:45 GMT
    ... FORT BENNING, Ga. — Here at the U.S. Army's ... purchase of petrol. When the price of oil hit $100 per barrel in January, I ... regional stability and U.S. interests in the Middle East," this week hardened its position with respect ...

  • 'Iran Oil production growing to 88m bpd in '08' 9 May 2008 09:19 GMT
    ... 'Iran Oil production growing to 88m bpd in '08' ... that respecting the increase including in the Middle East, Iran can provide the world with the ...

  • UAE leading way in peaceful use of civilian nuclear energy 9 May 2008 09:08 GMT
    ... The Middle East is turning to nuclear power as the ... next 40 years. Almost incredibly, the huge oil and gas reserves in the GCC states ...

  • Why that's good 9 May 2008 08:46 GMT
    ... NEW YORK (CNNMoney.com) -- With $120 oil not seeming to follow the fundamental law ... developing regions like China, India and the Middle East are using more and more oil. It's ...

  • UAE leading peaceful nuke energy use 9 May 2008 08:45 GMT
    ... The Middle East is turning to nuclear power as the ... next 40 years. Almost incredibly, the huge oil and gas reserves in the GCC states ...

  • Rebate Checks Spent at the Pump 9 May 2008 08:28 GMT
    ... Fort Benning, GA -- Here at the U.S. Army’s ... purchase of petrol. When the price of oil hit $100 per barrel in January, I ... regional stability and U.S. interests in the Middle East,” this week hardened its position with respect ...

  • Gas-tax gimmick doesn't make sense as political strategy or as energy policy 9 May 2008 08:27 GMT
    ... The outdated internal combustion engine was essentially perfected 100 ... in the legislature taught him that the oil companies, not the public, would benefit, as ... reserves while depleting the wells of the Middle East and elsewhere. There is more oil in ...

  • Portrait of an oil-addicted former superpower. 9 May 2008 08:07 GMT
    ... How rising oil prices are obliterating America's superpower status (Guest ... perhaps, to a new crisis in the Middle East (as might be occasioned by U.S. air ...

  • [Comment] Despite his faults, Blair should not be ruled out 9 May 2008 08:06 GMT
    ... [Comment] Despite his faults, Blair should not be ruled ... shaky start) and is now a major reserve currency; although monetary union has helped to ... apparent. The credit crunch, the decline on oil revenues, an over-reliance on financial services and debt ...

  • Profit taking, dollar strength pull crude back from record  9 May 2008 08:06 GMT
    ... LONDON — Oil slipped yesterday on profit taking after hitting ... SA, Chile, Argentina and parts of the Middle East have set off a worldwide boom in ...

  • IMF warns over rampant global inflation  9 May 2008 08:06 GMT
    ... NEW YORK — Inflation is emerging as a threat ... not fallen from 2002 to last year, oil prices would be $25 a barrel lower. ... fuel, would be 12% lower, Lipsky said. Middle East and Asian countries that keep their currencies ...

  • Oil rallies to record US$124 on strong diesel demand 9 May 2008 07:34 GMT
    ... Oil rallied back from early losses yesterday to ... Africa, Latin America and parts of the Middle East have also set off a worldwide boom ...

  • Venezuela's oil reserves reach 130 bn barrels 9 May 2008 07:33 GMT
    ... Venezuelas oil reserves reach 130 bn barrels Commodity Online ... oil reserves - the largest outside the Middle East. Venezuela was the fifth-largest oil supplier to ...

  • Crude oil hits new record on supply woes 9 May 2008 06:56 GMT
    ... Oil prices remained near a record high above ... citing stronger demand from China and the Middle East. US distillate stockpiles, which include heating oil ...

  • MINNEAPOLIS STAR TRIBUNE: U.S., Russia need a fresh relationship 9 May 2008 06:56 GMT
    ... economic growth is fueled largely by record oil prices, and lacks the dynamic diversification of other ... in containing Iran and terrorist groups derailing Mideast peace. Most important for both new presidents, American ...

  • Redline Reports First Quarter 2008 Financial Results 9 May 2008 06:31 GMT
    ... Gross margin for the first quarter of 2008 increased ... in key regional and vertical markets including oil and gas, transportation, public safety and military. ... base in both Latin America and the Middle East, and has also seen strong growth recently ...

  • No shortage of oil, says OPEC 9 May 2008 06:16 GMT
    ... Web posted at: 5/9/2008 7:57:23 Source ::: Agencies A ... Sulawesi province, yesterday. The New Yorks main oil futures contract, light sweet crude for June ... Africa, Chile, Argentina and parts of the Middle East have set off a worldwide boom in ...


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