OPEC+
The country's total revenue in fiscal year 2023-2024 was KWD23.645 billion
Kuwait maintained crude oil production at 2.55 million barrels per day in line with its OPEC+ production cut obligations
Brent oil futures for September delivery rose 0.1 percent to $85.52 per barrel
OPEC raised its forecast for world economic growth this year to 2.9 percent from 2.8 percent
Brent Oil Futures expiring in September rose 0.7 percent to $85.74 a barrel
Brent crude futures, which have risen 7 percent over the past four weeks, dipped slightly by 2 cents to $87.41 per barrel
Brent oil futures expiring in August rose 0.4 percent to $86.73 a barrel
Brent oil futures for August delivery dropped 0.4 percent to $84.91 per barrel
ICAEW has also lowered its 2024 inflation forecast for the GCC region to 2.2 percent this year and 2.1 percent next year
Brent oil futures expiring in August fell 0.6 percent to $82.22 a barrel
Brent oil futures expiring in August fell 0.5 percent to $82.24 a barrel
The organization forecasted 2.3 million bpd rise in world oil demand in the second half of 2024
Brent crude futures for August delivery gained 0.2 percent to $82.09 per barrel
Brent crude futures fell 11 cents, or 0.13 percent, to $81.52 per barrel
Brent crude oil futures for August delivery rose 0.2 percent to $79.77 per barrel
Recent interest rate cuts in eurozone, Canada would support crude demand
This represents an increase of 145,000 bpd from April
Brent crude futures for August delivery fell 0.1 percent to $77.44 a barrel
Brent oil futures for August delivery fell 0.4 percent to $78.05 per barrel
Brent oil futures expiring in August gained 0.3 percent to $81.33 per barrel
This extension builds upon previously agreed reductions of 3.66 million barrels per day announced in 2022 and 2023
Brent oil futures expiring in July dropped 0.3 percent to $81.61 per barrel
Oil production remains crucial in shaping the GCC region's fiscal and external balances
