CNBC's Hadley Gamble explains what the striking oil workers are concerned about and asks how far the government will go to protect oil production.
CNBC's Hadley Gamble reports on how Kuwait's government is dealing with a strike by unionized oil workers.
Oil prices sank after oil-producing nations could not agree to a supply freeze, reports CNBC's Brian Sullivan.
All signs suggest a meeting on April 17 will deliver an agreement to freeze output, Kuwait's OPEC governor and two sources said
Kuwait's OPEC governor Nawal Al-Fuzaia says all signs point to an initial agreement to freeze oil production levels.
Here are the countries that are most resilient to the impact of oil prices—and those hit hardest.
Kuwait Airways will stop its New York City-London flights to avoid transporting Israeli citizens between the cities, the New York Times reports.
Frontier markets tumbled this year, but don't point the finger at weak currencies or oil, investors said. Instead, blame the index.
With resources stretched to their limits and political pressure building in the West, will Gulf countries help absorb migrants?
If history is any guide, the price of oil can still go down before it recovers, says Robert McNally.
Plunging oil prices have left many crude-exporting countries with budgets that simply won't balance.
The greatest global risk is running out of water for our 7.3 billion inhabitants. Already, some countries are reeling from this catastrophe.
Cheniere Energy's top brass expects the price of black gold to head much higher in the medium-term.
Saudi Arabia derives 80 percent of its revenue from oil and has a budgetary "break-even" point almost double the current per-barrel price of $40.
The falling price of oil has a direct effect on the real exchange rate of nations most dependent on petroleum production.
Two different oil ministers from OPEC have suggested the cartel could raise its production target.
Ali Saleh al-Omair, oil minister for Kuwait, discusses OPEC and the waning issue of oil oversupply.
Lower oil prices are good for some countries and bad for others. In a few, things could get ugly.
This is not a great time to be an oil producer, but some countries are hurting more than others.
The minister said he is confident the group will reach a unified decision, and that the meeting will last only one day.