Report: OPEC+ expects the surplus to rise in 2022 as demand growth slows

A report showed that the OPEC+ alliance expects a surplus of 1.9 million barrels per day in 2022, an increase of 600,000 barrels per...

World Bank expects global growth to slow

The World Bank predicted that global economic growth would slow by 2.2 percent by 2030. According to a recent report by the bank, this...

Kuwait Petroleum is said to reassess $500 billion spending plan

Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business units...

Mohamed Naser Al Sayer & Sons and Toyota bring elevated style and sophistication to...

Further strengthening the appeal of one of the Middle East’s best-loved vehicles, Mohamed Naser Al Sayer & Sons and Toyota have launched the latest...

KD 1.6 billion spent by Kuwaitis on travel; expat remittances rise 8.6 percent in...

Spending on travel by citizens and residents increased in the third quarter of 2021 by 7.98 percent compared to the second quarter of the...

Huawei launches all-new FreeBuds 4i in Kuwait

Huawei has today announced the whole-new earphones, the HUAWEI FreeBuds 4i, which offers high-quality sound, powerful 10-hour battery life, and active noise cancellation (ANC),...

Kuwait, Saudi Arabia suspend oil output from joint field in June

Kuwait and Saudi Arabia will suspend oil production from Khafji oil field and closed affiliated facilities for 30 days starting June 1, following an...

Ford Ranger Wildtrak: High-Tech Features, Enhanced Capability and Versatility

Ford Middle East put the global pickup world on notice by revealing the smartest, most versatile and most capable Ranger ever, delivering an even...

OPEC, non-OPEC to raise production-cuts

Organization of Petroleum Exporting Countries (OPEC) and non-OPEC members, who have been maintaining sustained oil production cuts since 2017, agreed during their meeting last...

Oil prices to lowest level since year as coronavirus infections mushroom

The unprecedented coronavirus infections has been spiking worldwide pushing oil prices to the lowest level since more than a year ago. The Brent crude...

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