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Top related persons:
Shaikh Nawaf Al - 1 Mark Felix - 1 Shaikh Nawaf - 1 KPC - 1 Saddam Hussein's - 1 Michael Wirth - 1 Wirth - 1 CNBC's Brian Sullivan - 1
Top related locs:
Kuwait China Sabah Houston , Texas Red Israel Gaza Africa
Top related orgs:
Kuwait Petroleum Corporation - 2 Thomson - 2 Afp - 1 Getty - 1 HOUSTON - 1 CNBC - 1 Houthi - 1 Global - 1

Search resuls for: "Kuwait Petroleum Corporation"


4 mentions found


☆ Red Sea crisis could lead to global tanker shortage, Kuwait Petroleum CEO says
  + stars: | 2024-03-20 | by ( Spencer Kimball | ) www.cnbc.com   time to read: +2 min
Mark Felix | Afp | Getty ImagesHOUSTON — The crisis in the Red Sea could lead to a shortage in the global tanker fleet if disruptions persist for another six months, the CEO of Kuwait Petroleum Corporation told CNBC. Houthi militants have been striking commercial shipping in the Red Sea since November in support of Palestinians as Israel wages war in Gaza. The company is continuing to ship through the Red Sea and is making decisions on which route ships should take on a daily basis, he said. "We maintain a strategic tanker tanker fleet for these types of reasons," al-Sabah said. Wirth told CNBC that Chevron is "not moving ships to the Red Sea."
Persons: Shaikh Nawaf Al, Mark Felix, Shaikh Nawaf, KPC, Saddam Hussein's, Michael Wirth, Wirth, CNBC's Brian Sullivan Organizations: Kuwait Petroleum Corporation, Afp, Getty, HOUSTON, CNBC, Houthi, Global, Chevron Locations: Sabah, Houston , Texas, Red, Israel, Gaza, Africa, al, Al, Persian, Kuwait, Iraq, China
☆ Kuwait Airways plans to lease eight Airbus jets within 10 years
  + stars: | 2023-08-20 | by ( Ahmed Hagagy | ) www.reuters.com   time to read: +1 min
KUWAIT CITY, Aug 20 (Reuters) - Kuwait Airways (KA.UL) plans to lease eight Airbus (AIR.PA) passenger jets within 10 years, Chairman Ali Aldokhan said on Sunday. The state-owned carrier is examining offers from leasing companies, and the contract duration for the leased planes, all Airbus 321 neo aircraft, will be between eight and 10 years, Aldokhan told a news conference. The plan to lease eight planes is in addition to Kuwait Airways' multi-billion dollar deal with Airbus in 2022 to buy 31 planes, 18 of which it has already received. The cost of jet fuel for Kuwait Airways has increased 38% year-on-year since the beginning of 2023, Aldokhan said. Kuwait Airways is in negotiations with Kuwait Petroleum Corporation on a discount mechanism to reduce the airline's jet fuel costs, CEO Maen Razouqi told the same press conference.
Persons: Ali Aldokhan, Aldokhan, Maen Razouqi, Ahmed Hagagy, Adam Makary, David Goodman, Susan Fenton Organizations: KUWAIT CITY, Kuwait Airways, Airbus, Kuwait Petroleum Corporation, Tala, Thomson Locations: KUWAIT
☆ Oil up on strong China refinery data
  + stars: | 2023-06-15 | by ( Rowena Edwards | ) www.reuters.com   time to read: +2 min
Companies United States of America FollowLONDON, June 15 (Reuters) - Oil prices rose on Thursday after a plunge the previous day, as data showed a jump in refinery runs in top crude importer China though a weak economic backdrop capped gains. The market saw support after data on Thursday showed China's oil refinery throughput in May rising 15.4% from a year earlier, hitting its second highest total on record. Also capping price gains were fears that higher interest rates would slow economies in the United States and Europe, and lower oil demand. Analysts, however, expect oil prices to see support later in the year as voluntary cuts by OPEC+ countries implemented in May, and from Saudi Arabia in July, coincide with robust demand. "Once these deficits become visible in on-land oil inventories, we expect oil prices to trend higher," the bank said in a note on Thursday.
Persons: Rowena Edwards, Jeslyn Lerh, Emelia Sithole, Jason Neely Organizations: Brent, . West Texas, Kuwait Petroleum, U.S . Federal Reserve, European Central Bank, Bank of England, UBS, Thomson Locations: States, America, China, Kuwait, United States, Europe, Saudi Arabia, London, Singapore, Houston
☆ OPEC+ seen heading for oil policy rollover, cut not ruled out
  + stars: | 2022-12-02 | by ( Ahmad Ghaddar Maha El Dahan Alex Lawler | Ahmad Ghaddar | Maha El Dahan | ) www.reuters.com   time to read: +2 min
"It is unlikely there will be any change to the policy," an OPEC+ source said. Talks begin on Saturday when OPEC ministers hold a virtual meeting at 1100 GMT. Some OPEC+ delegates and analysts are not ruling out a surprise at Sunday's meeting. JPMorgan, in a report this week, said OPEC+ was likely to hold the line at the meeting while leaving the door open to a cut of more than 500,000 bpd if demand deteriorates further. Reporting by Alex Lawler, Maha El Dahan, Ahmad Ghaddar and Rowena Edwards; Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
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