Kuwait Bucks Peak Oil

The combined effect of a weaker oil price environment and the overall decline in worldwide oil consumption has created challenges for those involved in upstream oil resource development.  While it is held by some people that most conventional oil reserves have largely been discovered, unconventional sources are receiving increased attention.  What has perhaps been overshadowed by terms like ‘offshore’ and ‘syncrude’ is the ability for crude oil producers to effectively and economically bring new supplies to market.  As the concept of ‘peak oil’ still grips many market observers, one country that is playing a prominent role in allaying fears is Kuwait. Download here