OPEC+ is likely to stick to its current oil output target when it meets on Sunday, two OPEC+ sources said on Friday, although some say a further output cut is not completely off the table given
KUWAIT CITY: Kuwait Petroleum Corp.’s chief executive said on Sunday the Gulf state currently produces more than 2.8 million barrels per day of oil in accordance with its quota set by the Organization of the Petroleum Exporting Countries. Sheikh Nawaf Saud Al-Sabah also said Kuwait has plans to increase crude oil production whenever the market needs it, but currently the
RIYADH: Oil prices climbed on Monday as a weaker dollar and supply concerns ahead of the EU embargo on Russian oil in December offset fears of a global recession that could dampen fuel demand. Brent crude futures rose 60 cents, or 0.7 percent, to $91.95 a barrel by 0330 GMT after settling up 0.5 percent on Friday. US West Texas Intermediate crude was at $85.50 a barrel, up 39