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Kuwait OPEC News. Service for global professionals. Constantly updated news and information about Kuwait.
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  • U.S. WCoast Products - Calif diffs skid as NYMEX up 6 Jan 2010 00:26 GMT
    ... HOUSTON, Jan 5 (Reuters) - California products weakened Tuesday as increased ethanol blending and rising ... on + + + + for headlines OPEC North Sea crude oil oil products mews ...

  • Qatar's fiscal surplus seen surging in '11-12 5 Jan 2010 23:54 GMT
    ... ’s current account balance is also expected to record a ‘similar trend’ with surpluses rising back ... expected pick up in oil output as Opec gradually eases quotas,” Samba said. While world ...

  • Iraqi Cabinet Okays Four Key Oilfield Deals - Official 5 Jan 2010 18:12 GMT
    ... The Iraqi cabinet Tuesday approved oil deals with international companies to develop four oil fields ... exempt from the output quota that other OPEC members adhere to in an effort to ...

  • MARKET WATCH: Strong manufacturing, weak dollar boost energy prices 5 Jan 2010 17:50 GMT
    ... -- Energy prices jumped Jan. 4 following news of increased manufacturing and a weaker dollar, with crude ... a revised $77.16/bbl on Dec. 31. The OPEC Secretariat will be closed Jan. 6, with ...

  • A 'virtual' oil price gain 5 Jan 2010 16:53 GMT
    ... The front-month contract for benchmark US light, sweet crudes traded as high as $80/bbl before ... “which assumes modestly higher demand and falling non-OPEC supply.” They expect bullish supply and demand ...

  • Oman trade surplus down 32 pct in 2009 - minister 5 Jan 2010 14:24 GMT
    ... MUSCAT, Jan 5 (Reuters) - Oman's foreign trade surplus fell 32 percent to 4.4 billion rials ... 44 percent from the previous year. The non-OPEC producer's average oil output was 810,000 barrels ...

  • Down Mexico Way: Oil and Politics South of the Border 5 Jan 2010 13:33 GMT
    ... Production from Cantarell began in 1979 and ramped up quickly through the early 1980s to ... trend underway globally, especially in countries outside OPEC. As massive super-giant fields such as Cantarell ...

  • Seemed Like a Good Idea Then 5 Jan 2010 13:10 GMT
    ... It's a new year, when the natural inclination is to start afresh and close the books on ... current-account deficit, surplus nations in Asia and OPEC needed a place to invest their surfeit ...

  • Gas prices expected to remain steady in 2010 5 Jan 2010 12:33 GMT
    ... the gas pump in 2009 are expected to continue in 2010. According to the Organization of the Petroleum Exporting Countries (OPEC), the worldwide demand for is projected to increase around 1 percent, meaning the average ...

  • UPDATE 1-Oman's trade surplus down 32 pct y/y in 2009 5 Jan 2010 12:33 GMT
    ... By Saleh al-Shaibany MUSCAT, Jan 5 (Reuters) - Oman's foreign trade surplus fell 32 percent to ... Oman was less hit because as a non-OPEC member it did not have to join ...

  • Cold and Signs of Stronger Economy Drive Oil Above $81 5 Jan 2010 11:44 GMT
    ... Cold and Signs of Stronger Economy Drive Oil Above $81 Published: Tuesday, January 5, 2010 at ... actually reduce the overhang of inventories and OPEC spare capacity.” All rights reserved. This copyrighted ...

  • Ecuador Oil and Gas Report Q1 2010 - new report released 5 Jan 2010 11:13 GMT
    ... Ecuador Oil and Gas Report Q1 2010 - a new market research report on companiesandmarkets.com The latest Ecuador ... a whole, we have assumed an average OPEC basket price of US$59.00 per barrel (bbl), ...

  • Kuwaiti crude up 82 cents to USD 77.53 Monday -- KPC 5 Jan 2010 08:12 GMT
    ... KUWAIT, Jan 5 (KUNA) -- Kuwaiti crude oil went up 82 cents to come to USD 77.53 ... market. The Organization of Petroleum Exporting Countries (OPEC) seeks a 70-80 dollar range to meet ...

  • Concerns over Russia''s high crude production 5 Jan 2010 07:31 GMT
    ... By Abdelwaheb El Gueyed VIENNA, Jan 5 (KUNA) -- Sources at the Organization of the Petroleum Exporting Countries (OPEC) said Tuesday that they were concerned of Russia's high crude production which surpasses OPEC's ...

  • MARKET WATCH: Cold wave fans oil demand, raises energy prices 5 Jan 2010 07:06 GMT
    ... MARKET WATCH: Cold wave fans oil demand, raises energy prices -- Crude prices continued climbing Dec. ... $1.36 to $76.19/bbl on Dec. 29. The OPEC Secretariat in Vienna will be closed Dec. ...


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