economic slowdown

  • Kuwait Approves Petrol Price Hike

    Kuwait Approves Petrol Price Hike

    Thursday, 4th August 2016
    Kuwait has approved an increase in prices of gasoline sold locally by 42% to 83% depending on the grade in an attempt to align local rates with GCC averages.
  • China’s Oil Demand Growth Expected to Slow in 2016

    China’s Oil Demand Growth Expected to Slow in 2016

    Tuesday, 12th January 2016
    China's oil demand growth is expected to drop to 3% in 2016 reflecting on the country's economic slowdown, despite lowering oil prices. Oil demand rise is estimated at merely 300,000b/d this year, compared to 510,000b/d in 2015.