FXHedge|3月 07, 2026 15:40
KUWAIT CUTS OIL PRODUCTION AS FALLOUT FROM IRAN CONFLICT INTENSIFIES
Kuwait has begun cutting oil production because it is running out of storage space, as the fallout from the Iran conflict spreads across the Middle East and casts a pall over the global economy.
The Gulf country is discussing bigger production cuts in the coming days, people familiar with the matter said. Major storage facilities in Saudi Arabia and the U.A.E. also are filling up fast, with both countries expected to hit their limits in under three weeks, according to data provider Kpler said.
Full article:
https://www.msn.com/en-us/money/markets/kuwait-cuts-oil-production-as-fallout-from-iran-conflict-intensifies/ar-AA1XFcpa?ocid=msedgntp&pc=HCTS&cvid=69ab7279246e4071bdce3535a4f87069&ei=94(FXHedge)
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