Oil price likely to stabilise at $50-60: Kuwait
World crude prices are expected to gain this year or at least stabilise at between USD 50 and USD 60 a barrel, Kuwaiti Oil Minister Ali al-Omair was quoted as saying.
Mar 08, 2015, 14:21 PM IST
Kuwait projects $24 bn deficit despite spending cuts
Kuwait on Monday projected a $24-billion deficit in its new fiscal year budget despite a massive spending cut due to plunging oil prices.
Jan 26, 2015, 20:17 PM IST
Kuwait to splash $100 bn on oil projects
OPEC member Kuwait plans to spend about $100 billion in the next five years on oil projects to modernise the vital sector, the emirate`s oil minister said Wednesday.
Jan 21, 2015, 22:46 PM IST
Kuwait posts $45 bn budget surplus but warned of risks
Kuwait posted Wednesday a budget surplus of $45 billion for the latest fiscal year, its second largest on record, but the IMF warned it of underlying risks despite the bumper returns.
Oct 01, 2014, 17:26 PM IST
No need for urgent OPEC meet on lower oil price: Kuwait
OPEC member Kuwait said on Thursday there was no need to call an emergency meeting for the producers` cartel to discuss sliding oil prices after crude hit a 17-month low.
Sep 11, 2014, 18:04 PM IST
