Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
"Through OPEC, we are monitoring the market in terms of supply and demand, and we are monitoring the U.S. President’s statements," Kuwait's Oil Minister Tariq Al-Roumi stated on Thursday.
Al-Roumi told reporters that oil prices are expected to stay below $72 per barrel and described the current market as healthy, with moderate demand growth.
Oil prices dipped by around 1% on Wednesday, hitting an eight-week low after Trump suggested progress in talks with Moscow, raising doubts about further U.S. sanctions.
Trump has warned that additional sanctions could be imposed if the war in Ukraine continues.
On the same day, Washington announced a 25% tariff on Indian imports, citing India’s ongoing purchases of Russian oil.
Sheikh Nawaf S. Al-Sabah, CEO of Kuwait Petroleum Corporation, confirmed that Kuwait is producing its current OPEC quota of 2.548 million barrels per day (bpd) but has the capacity to produce more if needed.
European Union Commissioner for Enlargement, Marta Kos, visited the recently liberated village of Sarijali in Aghdam today. During her visit, she insp...
A strong earthquake struck Russia's far eastern Kamchatka region, the regional governor said on Friday, prompting a series of tsunami warnings in the ...
At least five people were killed and one injured in an explosion on Thursday in Chaman, a town in Pakistan’s southwestern Balochistan province near ...
A meeting of the government leaders of Turkic Council (TCT) member states has begun in Bishkek, the Kyrgyz Cabinet of Ministers reported. Prior to the...
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez,...
A strong earthquake struck Russia's far eastern Kamchatka region, the regional governor said on Friday, prompting a series of tsunami warnings in the region, but there were for the moment no reports of damage.
At least five people were killed and one injured in an explosion on Thursday in Chaman, a town in Pakistan’s southwestern Balochistan province near the Afghan border, local media report.
European Union Commissioner for Enlargement, Marta Kos, visited the recently liberated village of Sarijali in Aghdam today. During her visit, she inspected mined areas and observed demining operations carried out by the Azerbaijan National Agency for Mine Action (ANAMA).
A meeting of the government leaders of Turkic Council (TCT) member states has begun in Bishkek, the Kyrgyz Cabinet of Ministers reported. Prior to the event, Adylbek Kasymaliyev, the Chairman of the Kyrgyz Cabinet and Head of the Presidential Administration, welcomed the heads of the delegations.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Germany's parliament approved on Thursday the nation's first annual budget since sweeping reforms to loosen fiscal rules were passed earlier this year, securing record investments to revive the economy while committing to an increase in defence spending.
European shares nudged up on Thursday after the U.S. Federal Reserve lowered borrowing costs for the first time since December, while shares of SIG plummeted after the Swiss-based company issued a profit warning.
Meta Platforms on Wednesday launched its first consumer-ready smart glasses with a built-in display, seeking to extend the momentum of its Ray-Ban line, one of the early consumer hits of the artificial intelligence (AI) era.
Entrepreneur Nelson Yang is reaching back into Taiwan's history to turn the humble banana plant into an unlikely sustainable textile. Taiwan is now the world's dominant producer of advanced semiconductors but the yellow fruit, still widely grown on the island, was once a source of patriotic pride.
Google said on Tuesday it would make £5 billion pounds ($6.80 billion) in new investments into Britain ahead of U.S. President Donald Trump's state visit to the country, which is expected to feature a flurry of business deals and partnerships.
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