Oil Output from Saudi, Kuwait Shared Zone On Hold as Relations Sour

published:21/10/2018 07:25 GMT

Saudi Arabia and Kuwait will struggle to resume oil production from jointly operated fields ( Khafji Oil Field ) any time soon due to operational differences and souring political ties between the previously close GCC OPEC allies, sources familiar with the matter said. The two countries halted output from the jointly run oilfields - Khafji and Wafra - in the so-called Neutral Zone more than three years ago, cutting some 500,000 barrels per day or 0.5% of global oil supply. As oil prices rose...More