Arab Today, arab today kuwait\s oil output in august highest
Last Updated : GMT 08:39:35
Arab Today, arab today
Arab Today, arab today

Kuwait\'s oil output in August highest

Arab Today, arab today

Arab Today, arab today Kuwait\'s oil output in August highest

Kuwait City - Arabstoday

Kuwait pumped more than 2.8 million barrels per day (bpd) of oil throughout August, state news agency KUNA on Sunday reported oil minister Mohammad al-Busairi as saying, the highest level since the global economic downturn in late 2008. Kuwait has not produced over 2.80 million bpd since its output peaked at 2.85 million bpd in September 2008, according to official data provided by the Joint Data Initiative (JODI), just before oil demand dipped in the global economic crisis.With Libyan crude exports hit by civil war and oil prices racing higher on buoyant demand in Asia, Gulf OPEC producers have upped production over the last few months after failing to convince other members like Iran and Venezuela to agree to higher output targets at OPEC\'s last meeting in early June. Busairi said the Gulf oil increases - with Kuwaiti production up from 2.55 million bpd in May - had helped temper oil price rises and said Kuwait could pump more. Kuwait currently has the capacity to produce up to 3.05 million bpd, he told KUNA. The Organisation of the Petroleum Exporting Countries\' (OPEC) overall output is thought to have hit its highest level in almost three years in August, according to a Reuters survey. Kuwait produced just 2.31 million bpd in August 2010, after output hit a low of 2.23 million bpd in August 2009. Output has recovered strongly since November 2010 as rising demand from Asia, Kuwait\'s biggest buyers, and the loss of output from Libya has raised the call on Kuwaiti wells. From / Arabian Business News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait\s oil output in august highest Arab Today, arab today kuwait\s oil output in august highest

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait\s oil output in august highest Arab Today, arab today kuwait\s oil output in august highest

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday