Kuwait’s oil output is lower due to the strike in the oil sector

Market news

19 April 2016

Kuwait’s oil output is lower due to the strike in the oil sector

Kuwait's crude output dropped to 1.1 million barrels a day on Sunday, down from 2.8 million barrels a day in March due to the strike in the oil sector. The strike is open-ended.

A spokesman for Kuwait's oil ministry said on Tuesday that the oil output rose to 1.5 million barrels a day on today. The oil output still below the output for March.

Gold prices rose significantly

Iran’s oil deputy minister Rokneddin Javadi: Iran’s oil production will reach the pre-sanctions levels in June

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