outlook
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Kuwait energy outlook; impossible ambitions
Kuwait’s ambitious development plan “Vision 2035” is aimed at transforming the country into a globally important financial and trade center to attract domestic and foreign investment. At the frontline of Vision 2035, lies the Silk City project to which 250 square kilometers of land has been allotted in northeastern Kuwait with an estimated investment of $86 billion over a 25-year period.
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OPEC hikes long-term oil demand outlook – in stark contrast to other predictions of peak crude
OPEC on Monday raised its medium- and long-term forecasts for global oil demand.
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OPEC raises oil demand view in long-term outlook, sources say
OPEC has raised its medium- and long-term oil demand outlook in a forthcoming report, three OPEC sources said, despite the transition toward renewable energy, highlighting the oil exporting group's more bullish view compared to other forecasters.
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Oil gains ground on outlook for global deficit this quarter
Oil edged higher on Monday, buoyed by widespread bets that global demand will continue to run ahead of supply.