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AlwaysFree: Kuwait, Saudi to Stop Oil Production from Joint Field

Author: SSESSMENTS

On Saturday, Kuwait’s Al Rai newspaper said that Kuwait and Saudi Arabia have agreed to stop oil production from their joint oilfield Al Khafji. 

The halt will start on June 1 and will last for one month.

Kuwaiti officials did not give comments immediately.

Previously, Kuwait and Saudi Arabia along with the other members of the Organization of Petroleum Exporting Countries and oil producer allies (OPEC+) to slash oil production in a measure to mitigate the oil supply glut globally.

Both countries also stated their commitments to additional cuts beyond their quotas in the agreed output cuts.

Tags: AlwaysFree,Crude Oil,English,Middle East,Saudi Arabia,World

Published on May 18, 2020 10:56 AM (GMT+8)
Last Updated on May 18, 2020 11:41 AM (GMT+8)