Wael Mahdi
Business Saudi, Russia Support Gradually Boosting Oil Production Despite Iran Opposition

Saudi, Russia Support Gradually Boosting Oil Production Despite Iran Opposition

After Saudi Arabia and Russia competed for the opening of the 2018 World Cup in Moscow, both countries will play part in a different and fateful match on June…

Wael Mahdi (Kuwait)
Business Chaos in Oil Markets as Saudi Arabia Discusses Scenarios to Appease Everyone

Chaos in Oil Markets as Saudi Arabia Discusses Scenarios to Appease Everyone

Chaos reigned on Wednesday as Russian officials said there was a need to increase the production of the Organization of the Petroleum Exporting Countries (OPEC…

Wael Mahdi (Kuwait)
Business Will 'OPEC Plus' Agreement to Cut Production End?

Will 'OPEC Plus' Agreement to Cut Production End?

Economic policymakers in the Organization of the Petroleum Exporting Countries (OPEC) are most concerned about the drop in oil prices this year, which is…

Wael Mahdi (Kuwait)
Business Libya Biggest Beneficiary from OPEC Output Cut Agreement

Libya Biggest Beneficiary from OPEC Output Cut Agreement

The Organization of Petroleum Exporting Countries’ overall oil-export revenues climbed by 28% in 2017 to $578.30 billion from $451.80 billion in 2016,…

Wael Mahdi (Kuwait)
Business Goldman Sachs: OPEC Oil Request Won't Reverse Stockpiles

Goldman Sachs: OPEC Oil Request Won't Reverse Stockpiles

Brent crude futures hit a one-month low on Tuesday after Bloomberg cited people familiar with the matter saying the US government has quietly asked Saudi…

Wael Mahdi (Kuwait)
Business Russia, Saudi Arabia Increased Output to Clamp Down Shale Oil Profitability

Russia, Saudi Arabia Increased Output to Clamp Down Shale Oil Profitability

At the time when Russia and other OPEC producers are in quest to study the increase of product during the second half of this year, this may lead to an…

Wael Mahdi (Kuwait)
Business Gasoline Demands Fall in Saudi Arabia during First Quarter

Gasoline Demands Fall in Saudi Arabia during First Quarter

The rise in fuel prices this year seems to have had an impact on demand in Saudi Arabia, falling by an average of 7.4 percent in the first quarter of this year…

Wael Mahdi (Kuwait)
Business OPEC

Pressure Mounts for OPEC Exit from Production Cut Deal 

The decision anticipated to be taken by the Organization of the Petroleum Exporting Countries (OPEC) and its Russian-led allies at their next Vienna meeting,…

Wael Mahdi (Kuwait)