Kuwait, Saudi to halt oil production from joint field - Al Rai newspaper
- Country:
- Saudi Arabia
Kuwait and Saudi Arabia have agreed to halt oil production from the joint Al-Khafji field for one month, starting from June 1, Kuwait's Al-Rai newspaper reported on Saturday. There was no immediate comment from Kuwaiti officials.
Saudi Arabia and Kuwait have agreed with other members of the OPEC+ group of oil producers to cut output in a bid to reduce a glut in global supplies. Both Gulf states have also said they would make additional cuts beyond the agreed curbs.
ALSO READ
-
US Approves Potential Sale of F-35 Jets to Saudi Arabia, Shifting Middle Eastern Power Dynamics
-
Middle East Tensions Threaten Global Oil Supplies
-
Middle East Unrest: Yemen Crisis Fuels Oil Supply Fears
-
US Eyes Controversial F-35 Deal to Bolster Saudi Defense
-
Sky High Deal: US Approves F-35 Sale to Saudi Arabia
Google News