The world's biggest oil exporters in Opec are pumping almost two million barrels per day (bpd) more crude than required, the highest surplus for at least a decade, data from Reuters, top forecasters and energy agencies shows.
Kuwait's government budget surplus shrank 26 per cent in the first nine months of this fiscal year as lower oil prices cut revenue sharply, analysts at National Bank of Kuwait (NBK) calculated, using Ministry of Finance data.
Qatar's trade surplus for third quarter of last year stood at QR91.8 billion ($25.2 billion), down by nearly seven per cent compared to QR98.7 billion during the same period the previous year, according to a report.
Qatar’s international reserves rose $43.5 billion in August driven by a strong current account surplus, an increase of $7.2 billion as compared to the same period last year, according to a report.
The latest QNB Monthly Moni
Oman's government budget surplus reached 582.9 million rials ($1.5 billion) in January-May compared with a deficit of 110.4 million rials a year ago, provisional government data showed.
Analysts polled by Re
Opec major Kuwait said its current account surplus eased slightly to KD20.3 billion ($70.7 billion) in 2013, following an all-time high of KD22.1 billion the previous year, said a report.
This was driven by a decline in the goods
Kuwait's current account surplus shrank by nearly 8 per cent to 20.3 billion dinars ($72.2 billion) in
2013 compared with the previous year, preliminary central bank data showed on Thursday, in line with market expectations.
Bahrain is now producing 850MW of surplus power, according to a top government official.
Minister of State for Electricity and Water Affairs Dr Abdulhussain Mirza said it is sufficient to take care of the kingdom’s needs, ta
Kuwait's budget surplus narrowed by 11 per cent in the first nine months of its fiscal year as spending rose and oil revenues dipped slightly, provisional figures from the finance ministry showed on Sunday.
The trend in spendi
Qatar will record a budget surplus in the 2013-2014 fiscal year despite a large increase in public spending, said a report.
The budget surplus is expected to end the fiscal year at 3.9 per cent of GDP to extend a large positive ba