Kuwait

Iran's oil exports to key buyers in Asia have so far stayed strong, but shipping data indicates that its third largest buyer South Korea has now halted purchases ahead of looming US sanctions. After a strong May, Asian imports fell to a 12-month low in June and worse is to come.

State refiners Aramco, Adnoc and KNPC are seeking access to overseas markets. But, with global downstream investment rising, they are not alone.

Kuwait's budget deficit fell to $16bn in the 2017/2018 financial year. But dysfunctional politics is set to hold up economic reform.

As rhetoric heats up, the Strait of Hormuz chokepoint is attracting concern that regional oil exports could be shut off. Riyadh’s ‘Plan B’ relies on the Bab al-Mandeb strait where Yemen’s Houthis this week attacked Aramco tankers. Egypt’s Suez Canal revenue is also threatened.

This week’s China-Arab States Cooperation Forum focused on oil investment.

The world’s spare oil production capacity is growing increasingly stretched and alarm bells are ringing within the IEA. The...

The extent of the production gains racked up by the most dominant producers within the Opec+ grouping in June...

A mammoth week of negotiations culminated in Opec’s sparring members effectively agreeing to release an extra 500,000 b/d onto global markets on 22 June. Individual country allocations have been replaced by a group-wide ceiling that will permit the stronger members to capitalize on falling output from the weaker countries.

The IEAs’ first oil market outlook for 2019 highlights both the uncertainties surrounding next week’s Opec meeting in Vienna...

Activity from Opec’s largest members reached a frenzy this week as the 22 June meeting heaves into view. All...