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Keyword: 2milbblperday

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  • Half Of Kuwaiti Oil Production Offline After Massive Strike

    04/18/2016 9:22:28 AM PDT · by bananaman22 · 5 replies
    Oilprice.com ^ | 18-04-2016 | Ali
    While everyone is talking about the failure of the Doha negotiations, Kuwait has more than made up for OPEC’s failure all on its own. Kuwait’s oil workers walked off the job this weekend, flexing their muscles over a pay dispute. The state-owned Kuwait Oil Company took to Twitter to report the damage done by the workers strike, announcing that oil production fell to 1.1 million barrels per day on Sunday, a catastrophic development considering it normally produces nearly 3 mb/d. Also, Kuwait Petroleum Corp., the state-owned refining company, said that its production of refined products dropped from 930,000 to 520,000...