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KUWAIT OIL REDUCTION
Rubio says US will not accept Iranian tolls on HormuzUS Secretary of State Marco Rubio firmly stated that Washington will not permit any tolls on the Strait of Hormuz, an international waterwa...- Iran says won't allow UN inspectors at bombed nuclear sitesIran declared UN nuclear watchdog inspections at bombed sites are off-limits, despite a US-Iran deal to end the Middle East war. Talks in S...
- Government may lift fuel-supply safeguards once West Asia crisis abates: OfficialIndia plans to ease emergency energy measures as global tensions subside. These steps were taken to ensure fuel availability amid West Asia...
- Is the Iran war just an energy shock - or a turning point?A potential U.S.-Iran peace deal to reopen the Strait of Hormuz could signal a watershed moment for global energy markets, moving beyond a ...
- Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce dealA "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil...
- Pakistan extends countrywide austerity drive after US, Iran fail to strike dealPakistan Prime Minister Shehbaz Sharif has extended nationwide austerity measures until June 13 amid continuing uncertainty over the Iran c...
- A 22-day oil clock ticks down in Iran as Strait of Hormuz blockade tightens chokeholdIran faces a critical shortage of oil storage. Unused capacity is dwindling, potentially leading to significant production cuts. A US-led b...
- Traveling this summer? Major airlines cut routes — check the list to see if you are affectedAirlines Cut Routes Due to Rising Fuel Costs from the Iran War — Is Your Summer Flight at Risk? Jet fuel prices have doubled since the war ...
- West Asia war: Morbi-Thangadh ceramic clusters gasp for gas, units shut, losses mountSince the beginning of the war, these two clusters are struggling due to a shortage of propane, with many units closing shops.
- Oil up as Iran continues to strike Arab energy infraOil prices have climbed again after recent drops. Iran's continued attacks on energy facilities in West Asia are disrupting global supplies...
- OPEC to Extend Oil Production Cuts Through JuneThe decision to keep output cuts in place was expected and appears intended to bolster what might otherwise be weak oil prices. Some analys...
- Asia's refiners face profit crunch as Kuwait cuts crude exportsLower Kuwaiti exports follow cuts from OPEC kingpin Saudi Arabia that have pushed Brent prices close to $90 a barrel and left little wriggl...
- Oil prices soar almost 6% after OPEC+ output cutThe move by Saudi Arabia, Iraq, UAE, Kuwait, Algeria and Oman will be in effect from next month until the end of the year, and marks the bi...
- Oil prices soar almost 6% after OPEC+ output cutThe move by Saudi Arabia, Iraq, UAE, Kuwait, Algeria and Oman will be in effect from next month until the end of the year, and marks the bi...
- Saudi Arabia shares extend gains as oil rises on vaccine cheer; Dubai, Qatar struggleSaudi Arabia's benchmark index was up 0.4%, on track for a sixth straight session of gains, with oil behemoth Saudi Aramco edging up 0.4%, ...
- New expat bill may force 8 lakh Indians to leave KuwaitKuwait's Prime Minsiter proposed reduction in the number of expats from 70% to 30% of the total population.
- OPEC+ panel meeting next week will advise on policy, not decide: SourcesOPEC, Russia and allies, known as OPEC+, agreed on Saturday to keep production cuts of 9.7 million barrels per day,
- OPEC in a ‘whatever it takes’ moment to prop up oilLast week, oil capped its biggest weekly decline since 2016.
- Oil caps biggest weekly gain in 2017 as OPEC eyes deal extensionThe latest comments from Kuwait’s oil minister are bolstering confidence in the Opec's commitment to drain stockpiles ahead of the group’s ...
- Double tax pacts with GCC nations in worksIn a bid to boost trade and investment flows from the oil-rich Gulf, the government is planning to put in place comprehensive double taxati...
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