high oil rate! oil mill equipmentry prices in kuwait

   
high oil rate! oil mill equipmentry prices in kuwait
                                               
                                               
                                               
                                               
  • high oil rate! oil mill equipmentry prices in kuwait
How did oil prices affect Kuwait's economy?

Higher oil prices have improved the public finances, helping the 9-month fiscal deficit narrow to KD0.7 billion (2.1% of GDP). Kuwaitis employed in government rose 5.4% y/y to 308.2k in 3Q21; private sector employment shrank 2.5% y/y to 52.8k.

How did Kuwait's crude production perform in 4q21?

Kuwait¡¯s crude production rose steadily in 4Q21 at the monthly rate of about 27 kb/d to average 2.5 mb/d in December, and in line with Kuwait¡¯s OPEC+ quota. (Chart 3.)

Will Kuwait's all-share continue to support local equities?

Kuwait¡¯s All-Share ended January up 4.4% m/m. Looking ahead, elevated oil prices, a recovering economy, and good earnings should continue to support local equities. However, still high local Omicron cases and rising negative global sentiment from high inflation and Fed policy tightening will be worth watching.