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Latest Economic News

Kuwait will spend more than $30 billion to increase oil production

November, 21 2024

Kuwait Petroleum Corp. (KPC) intends to invest about 10 billion Kuwaiti dinars ($33 billion) over five years to increase oil production. According to CEO Sheikh Nawaf Al-Sabah, the company plans not only to maintain the current capacity, but also to significantly increase it in accordance with strategic goals.According to Nawaf, Kuwait's forecast for stable oil demand until the middle of the century coincides with the expectations of such major market players as TotalEnergies SE and Vitol Group.... Read More

Latest Economic News

Kuwait will spend more than $30 billion to increase oil production

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The main events by the morning: June 20

Inflation in Britain slowed to the target 2% in May for the first time since July 2021

Brazil joins race with China for rare earth metals

NVIDIA become the most expensive company in the world

Trade between Russia and the EU has fallen to a minimum since the beginning of 2000

The main events by the morning: June 19

Bitcoin has reached a monthly low amid a sell-off

Inflation in the eurozone accelerated to 2.6% in May

Modi's victory put the Indian market on a par with the United States, China and Japan

The main events by the morning: June 18

Paris lost the title of Europe's largest stock market to London

Tether introduced the Alloy cryptocurrency, backed by gold

The oil market is volatile at the beginning of the trading week

The main events by the morning: June 17

Oil prices rise at the end of the trading week

Bank of Russia: the yuan will become the main foreign currency in Russia

Apple again became the most expensive company in the world

Thailand is on the verge of joining the BRICS

The main events by the morning: June 14

BRICS has proposed a decentralized model of the international payment system

Saudi Arabia exit petro-dollar deal with the U.S.

The Fed has kept the interest rate at the level of 5.25-5.5% per annum

The main events by the morning: June 13

Why Musk criticized Apple's partnership with OpenAI

Market participants do not expect a Fed rate cut in June and July

The main events by the morning: June 11

The Greens suffered a crushing defeat in the European Parliament elections

Experts predict the end of the leadership of Big Tech shares by the end of the year

The price of copper fell to a minimum in five weeks

Oil is recovering at the beginning of the week