Brent oil prices could spike above $100 per barrel if the Gulf Arab countries run out of storage space and shut down ...
The cuts signal a broader storage crisis that poses new risks to the global market.
Kuwait Petroleum Corporation has declared a force majeure and began cutting oil output today, adding to earlier oil and gas reductions from Iraq and Qatar as the war against Iran ...
An oil tanker was reportedly hit off the coast of Kuwait, leading to an oil spill, according to the United Kingdom Maritime ...
Kuwait cut oil output after storage tanks filled on day 18 of the Hormuz closure. Gulf shut-ins may reach 5 million barrels per day.
Economist Ahmed Al-Sadhan said the decision of Kuwait to cut crude oil production and refining operations – part of a ...
The U.S. plans to offer tanker and cargo insurance in a scramble to get exports moving—and ease prices.
The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of ...
KUWAIT CITY, March 7: CEO of Kuwait Petroleum Corporation (KPC) Sheikh Nawaf Saud Al-Nasser Al-Sabah stated that the ...
The Kuwait Petroleum Corporation cited explicit threats by Iran against the safe passage of ships through the Strait of Hormuz, attacks by Iran on Kuwait and the "almost total absence" within the ...
Kuwait has begun cutting production at some oil fields after running out of room to store its bottled-up crude, the Wall ...
Does a satellite image show fires currently burning in the Middle East? No, that's not true: This satellite image dates back to April 1991. It does not show anything currently burning in the Middle ...
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