- Kuwait to cut oil production due to strike
April 20, 2016
Thousands of Kuwaiti oil and gas workers are striking to protest against a government plan for public sector pay reforms, although non-Kuwaiti workers in the industry are not on strike.
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- Saudi Arabia's rivalry with Iran dims hopes of an oil deal
April 20, 2016
Major oil-producing nations failed to agree on a deal to freeze output at their meeting in Qatar's capital of Doha on April 17, after Saudi Arabia demanded that Iran join the accord.
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- Kuwait oil output rises to 1.5 million barrels a day amid strike
April 19, 2016
Kuwait’s crude output edged higher to 1.5 million barrels a day as the state oil company brought more production facilities back on line after halting some operations at the start of a labor strike now in its third day.
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- Venezuela faces oil production disruption
April 19, 2016
Venezuela’s economic and political woes are set to curtail Opec member’s oil production, adding to a growing list of supply disruptions that are helping to prop up global crude prices.
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- Worldwide oil production outages bump up oil prices
April 19, 2016
The oil markets have already seem to have forgotten about the failed Doha summit this weekend, with WTI and Brent regaining all of the ground it lost over the past two days or so. Part of that is because Doha was never going to produce a major res...