Kuwaiti Oil Minister: 'OPEC Output Cut Compliance at 140%'
Kuwaiti Oil Minister: 'OPEC Output Cut Compliance at 140%'
Kuwait - QNA
Kuwait Oil Minister and the Minister of Water and Electricity Essam Al-Marzouq affirmed on Thursday that OPEC's compliance with its oil output cut have reached around 140 percent in February, Kuwait News Agency (KUNA) reported.
Al-Marzouq said in a statement to Al-Rai newspaper that non-OPEC members' compliance was between 50-60 percent.He attributed OPEC's percentage to deep production cuts by Saudi Arabia, an act aimed at increasing confidence in the output reduction agreement reached late in 2016.
Kuwait is scheduled to host a ministerial meeting on March 26 comprising both OPEC and non-OPEC members to review compliance with the output agreement, he added.Al-Marzouq said that the oil ministers of Saudi Arabia, Russia, Kuwait, Oman, Algeria, and Venezuela will attend the meeting, along with the OPEC's Secretary General.
Source: QNA
GMT 09:00 2017 Wednesday ,08 November
Gulf stocks slide on Saudi-Iran duelGMT 07:55 2017 Monday ,16 October
Oil producers may not need to extend cutsGMT 13:59 2017 Wednesday ,27 September
Kuwaiti ambassador visits King Abdullah Medical City ProjectGMT 13:27 2017 Wednesday ,19 April
Bahrain, KFAED sign two agreementsGMT 11:28 2017 Saturday ,15 April
President Al-Bashir's visit to Kuwait and Bahrain
In The Swiss Alps
Five things to know about Davos
Davos - Muslimchronicle
With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand forfighting hate speech
Instagram, Google+ join EU group
Brussels - Muslimchronicle
Facebook's Instagram and the Google+ social network have agreed to join an EU-sponsored group of US internet giants to combat online extremism, EU officials said Friday. EU officials added that
At Sports Court
Russians challenge doping ban
Geneva - Muslimchronicle
Dozens of Russian athletes banned by the International Olympic Committee for life over doping began an appeal against their suspension on Monday at the world's top sports court. The week-long hearing at the Court of Arbitration for Sport (CAS) includesIn New Aid For War-Torn Yemen
Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
GMT 20:00 2014 Monday ,28 April
Fashion brand Wool and the Gang unveils debut jewellery line
GMT 15:47 2017 Saturday ,25 February
Aqdar, Watani Al Emarat signs MoU for national charter for students
GMT 18:58 2016 Friday ,08 April
Cypriot parliament speaker to visit Egypt Sunday
GMT 08:44 2017 Monday ,27 November
Investing in digital media is vital in fight against extremism
GMT 11:43 2017 Thursday ,21 September
More than 100 migrants missing after shipwreck off LibyaGMT 16:57 2012 Monday ,16 January
Companies and agencies told to destroy banned pesticides in Dubai
GMT 09:46 2015 Thursday ,12 November
Mnister: France regrets unfortunate Kerry remarks on climate summit
GMT 12:03 2017 Thursday ,19 January
Dollar climbs on Yellen speech, Asia traders eye Trump
GMT 13:15 2017 Wednesday ,12 July
Four suicide bombers kill 15 in Maiduguri, Nigeria: police
GMT 12:50 2017 Friday ,15 September
Fati Jamali received offer to participate
GMT 03:38 2017 Saturday ,22 April
Saudi king's Asia tour trumpets Aramco's moves downstream
GMT 02:17 2017 Thursday ,26 January
Dutch heighten security at Amsterdam airport, citing threat
GMT 08:56 2017 Wednesday ,15 November
Nadal pullout leaves Federer as last man standing
GMT 20:58 2016 Thursday ,13 October
South Korea's Central Bank Record Low At 1.25% in October
GMT 02:37 2017 Friday ,14 April
Ai Weiwei calls on Gulf countries to do more to help Syrian refugees
GMT 14:49 2017 Sunday ,19 February
China to tighten oversight of company debt, bank assets
GMT 05:14 2017 Friday ,24 March
One in four children will live with water shortages by 2040
GMT 08:10 2016 Wednesday ,28 December
Germany cancels show of Iran shah's art trove
GMT 23:52 2017 Monday ,20 February
Japan to develop missile as tensions with China mount: report
GMT 20:19 2016 Sunday ,19 June
UN envoy to Libya urges international community to offer medical aid to Sirte
GMT 21:31 2016 Thursday ,15 December
Parl't agrees on draft law to establish syndicate for media men
GMT 19:15 2017 Sunday ,03 September
Libyan army clashed with ISIS militias in eastern side of Sirte
GMT 12:57 2017 Friday ,11 August
Military option with N. Korea 'locked and loaded
GMT 10:38 2018 Tuesday ,23 January
Al-Sabah, Nawal win Arab Woman Award 2017
GMT 13:30 2016 Thursday ,03 November
Chicago jubilant after Cubs' historic World Series win
GMT 20:23 2018 Thursday ,18 January
UK, France agree new border security treaty
GMT 10:07 2017 Tuesday ,01 August
Pakistan's parliament set to vote for interim PM
GMT 08:23 2017 Saturday ,29 July
Venezuela protest ban dampens street opposition to Maduro
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
