Kuwait Scraps Nuclear Power Plans

Kuwait Scraps Nuclear Power Plans






Kuwait Scraps Nuclear Power Plans Ministry says alternative sources are more cost effective   Kuwait’s Ministry of Electricity and Water has reportedly scrapped plans to build a nuclear power plant citing cost concerns. The country had planned to obtain a licence for the project from the United Nations. Kuwait Times reports that the ministry decided […]






Kuwait Plans Smart, Environmentally Friendly City

Kuwait Plans Smart, Environmentally Friendly City






Kuwait Plans Smart, Environmentally Friendly City South Saad Al-Abdullah City has been designed to accommodate 400,000 people  Kuwait has unveiled plans for what is claimed to be the 1st smart, environmentally friendly city in the Middle East. South Saad Al-Abdullah City has been designed to accommodate 400,000 people over an area of 59 sqk with […]






Saudi Arabia Regains Spot as Top Crude Supplier to China

Saudi Arabia Regains Spot as Top Crude Supplier to China






Saudi Arabia Regains Spot as Top Crude Supplier to China $OIL China imported 4.569-M tonnes of Crude Oil from the Kingdom in June Saudi Arabia, the world’s biggest Crude Oil exporter, regained its position as China’s top Crude supplier in June, after losing out to Russia in the previous 3 months, customs data showed Thursday. […]






Crude Oil Continues to Finds Ways to Strengthen

Crude Oil Continues to Finds Ways to Strengthen






Crude Oil Continues to Finds Ways to Strengthen $USO, $OIL Both Brent and WTI Crude Oil prices were volatile Wednesday, as Kuwait’s Oil workers put an end to the 3-day strike that had temporarily halved the country’s production. WTI Crude Oil futures fell down to 41.28, but reversed, as stockpiles shrank more than expected. According […]






Tuesday’s Technical Outlook for WTI Crude Oil

Tuesday’s Technical Outlook for WTI Crude Oil






WTI Crude Oil Crude Oil prices dove Monday, as during the Oil producers’ meeting in Doha, the OPEC and non-OPEC producers failed to reach an agreement on a a production freeze. WTI Crude Oil futures fell to 37.59 bbl, or over 7% before paring losses and recover some ground on news Kuwait’s Oil production fell […]