Kuwait has secured its place as one of the top countries with the cheapest gasoline prices worldwide, ranking 7th out of 170 countries analyzed by Global Petrol Prices. This makes Kuwait one of the ...

BlackRock Inc. is exploring plans to open an office in Kuwait, according to people familiar with the matter, marking the asset manager’s latest effort aimed at deepening ties to the oil-rich region.

With a population of around 4.45 million as of 2022, Kuwait is a Western Asian country near the Persian Gulf. It is an oil-rich nation with beautiful cityscapes, scorching heat, and significant ...

Kuwait’s oil production capacity now exceeds 3 million barrels per day (bpd), Kuwait Petroleum Corporation (KPC) CEO Sheikh Nawaf Saud al-Sabah said on Tuesday. The country’s oil production ...

On the back of its large fiscal surpluses (Kuwait had the largest fiscal surplus in the GCC prior to 2014), substantial reserves and periods of high oil prices, government spending rose from 38.8% of ...

DUBAI, Jan 20 (Reuters) - Kuwait Oil Company said it has made a discovery "of large commercial volumes of hydrocarbons" at Al-Jlaiaa offshore field estimated at 800 million of medium-density oil ...

The price of Kuwaiti oil went down by 49 cents to USD 83.09 per barrel (pb) on Tuesday, compared with USD 83.58 pb the previous day, said the Kuwait Petroleum Corporation (KPC) on Wednesday. At the ...

The Middle East and North Africa region navigates the future of energy by balancing its traditional dominance in oil and gas ...

Kuwait possesses some of the world's largest crude oil reserves, enabling abundant and cost-effective domestic fuel production. Its rich oil fields and efficient infrastructure contribute to low ...