Kuwait Petroleum Corp expects to spend over $500 billion

US oil prices extended modest profits on Thursday as OPEC’s strong compliance with a supply.

OPEC cut compliance reaches 122%, says Kuwaiti oil minister – Energy,Kuwait

The compliance of OPEC and independent producers with oil output cuts in force since January.

OPEC may clear global oil inventory sooner than expected, says Goldman Sachs – Energy,GCC

OPEC’s desire to clear the global oil inventory overhang may come sooner than expected, enabling.

OPEC Expected to Attain Balance in Global Oil Market by End of 2018

“Oil producers are succeeding in re-balancing an oversupplied market, though they may need to take.

OPEC to revisit output squeeze in June, says Saudi oil minister – Energy

Saudi Energy Minister Khalid al-Falih said Monday that oil producing nations could start discussing in.

OPEC said to agree oil output cuts extension to end-2018 – Energy,Politics & Economics,GCC,Europe

OPEC agreed to extend its oil-production cuts to the end of 2018, subject to a.

Oil falls below $58 as rig count counters OPEC curbs extension – Commodities,Energy,Middle East,Americas,Africa,GCC

Oil dropped below $58 a barrel as investors weighed an increase in US oil drilling.

UAE backs extension of OPEC oil output cuts – Energy,Politics & Economics,Middle East

OPEC needs to extend limits on oil output to help rein in the remaining excess.

Production cuts ‘only viable option’ for oil market – OPEC – Energy,GCC,Middle East

The oil market is re-balancing at a quickening pace and production cuts are the “only.

Saudi Arabia backs extension of OPEC production cuts – Energy,UAE

Saudi Arabia is ready to back a deal to extend cuts in oil production to.