Kuwaiti oil strike eases but continues to strip supply glut

摘要

Dubai-A major strike hobbled OPEC number four producer Kuwait’s oil industry for a third day Tuesday, with over 1 million b/d still offline in open-ended action which has temporarily rebalanced global oil markets. Kuwait’s crude production rose by 36% to 1.5 million b/d Tuesday, after dropping to 1.1 million b/d in the last two days as workers when on strike in protest at government proposals to change their pay and benefits, a spokesman for Kuwait Petroleum Corporation told the staterun KUNA news agency.