Kuwait Oil Company announced in July that it had made a significant discovery of light oil and associated gas in the offshore ...

Saudi Arabia oil reserves: Prime Minister Narendra Modi on Saturday began his two-day state visit to Kuwait, making it the ...

Saudi Arabia, the UAE, Bahrain, Kuwait, Oman, and Qatar — hold approximately 32.6% of the world’s proven crude oil reserves.

To expand its oil industry, Kuwait has been actively exploring and made two major discoveries over the past year, adding oil and gas reserves equivalent to more than 4bn barrels of oil.

The National Iranian Oil Company (NIOC) was established in 1948 and is owned by the government of Iran. It is a member of OPEC. Headquartered in Tehran, Iran, NIOC was first called the Anglo Persian ...

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 ...

The official reserve assets of Kuwait achieved an annual increase of ... and to compensate for the decline in the state’s oil revenues as a result of the decline in oil demand and oil prices ...

Oil prices sunk 7% to a four-year low Friday, amid concerns economic fallout of President Donald Trump’s wide-reaching tariffs could put a drag on demand.

Fitch forecasts Kuwait’s sovereign net foreign assets to increase to 601% of GDP in 2025, up from an estimated 582% of GDP in 2024 ...

It’s OPEC’s 5th largest producer and is home to 101 billion barrels in proven oil reserves, the 7th largest in the world. Indeed, Kuwait’s oil reserves are considerably bigger than the U.S ...

We have never seen such high levels of capital expenditure [despite low oil prices ... could be covered by tapping into Kuwait’s financial reserves and going to the bond market.