Kuwait


Kuwaiti Oil Minister reportedly says OPEC won't increase production until prices hit $100/barrel

America might get most of its oil from Canada, but the moves that OPEC makes still reverberate here. Thus, a statement by the Kuwaiti Oil Minister Sheikh Ahmed al-Abdullah al-Sabah to reporters yesterday probably won't help decrease domestic gasoline prices any time soon. OPEC's al-Sabah said that the organization will not consider increasing production until the price of a barrel of oil reaches $100. Currently, the price is around $70 a barrel – up almost 60% this year – but way, way down compared to the highs of 2008. Oh, and ... Read more →

Shaken, Not Stirred: Aston parent company reportedly defaults on $100M Islamic bond Jonathon Ramsey

Investment Dar, the Kuwaiti firm that owns part of Aston Martin, has reportedly defaulted on payment for a $100 million Islamic bond that was due on April 27. In the process, Bloomberg says it has ...

The Midas Touch: gold-plated Bugatti Veyron delivered to Middle East Noah Joseph

Bare carbon fiber, chrome, French racing blue...Bugatti's done just about everything to the Veyron but plate it in gold. Oops, look like we spoke to soon, as our favorite Orwelian supercar has proven ...

Kuwait orders 150 Dodge Charger police cars Michael Harley

Click above for high-res gallery of the Kuwaiti cop-issue Chargers Choosing them for their portrayed image of "strength and power," officials in Kuwait have ordered 150 Dodge Chargers to be modified ...

Kuwaiti Oil Minister reportedly says OPEC won't increase production until prices hit $100/barrel 5 months ago on Autoblog

America might get most of its oil from Canada, but the moves that OPEC makes still reverberate here. Thus, a statement by the Kuwaiti Oil Minister Sheikh Ahmed al-Abdullah al-Sabah to reporters yesterday probably won't help decrease domestic gasoline prices any time soon. OPEC's al-Sabah said that ...

Shaken, Not Stirred: Aston parent company reportedly defaults on $100M Islamic bond 6 months ago on Autoblog

Investment Dar, the Kuwaiti firm that owns part of Aston Martin, has reportedly defaulted on payment for a $100 million Islamic bond that was due on April 27. In the process, Bloomberg says it has become the first Persian Gulf company to default on an Islamic bond. In December of last year, Dar ...

The Midas Touch: gold-plated Bugatti Veyron delivered to Middle East 7 months ago on Autoblog

Bare carbon fiber, chrome, French racing blue...Bugatti's done just about everything to the Veyron but plate it in gold. Oops, look like we spoke to soon, as our favorite Orwelian supercar has proven once again that all Veyrons are special, but some are more special than others. Like the ...

Kuwait orders 150 Dodge Charger police cars 1 year ago on Autoblog

Click above for high-res gallery of the Kuwaiti cop-issue Chargers Choosing them for their portrayed image of "strength and power," officials in Kuwait have ordered 150 Dodge Chargers to be modified as police vehicles. As the Charger is the leading volume vehicle for Chrysler LLC in the Middle ...






Autoblog Podcast #152: Paukert Enhanced!

Eddie Alterman wades in with Sam, Chris, Dan, and Jonny to talk about SEMA and other recent events.

 
 

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