Saudi-Kuwait Neutral Zone Oil Exports to Restart From April

(Bloomberg) — Oil exports from the neutral zone between Kuwait and Saudi Arabia will resume from next month, adding more supply just as OPEC tries to cut output to stem a coronavirus-driven price rout.Kuwait Petroleum Corp. told customers that production at the Khafji field in the zone has already restarted, with exports on track from April, according to people who had seen a notice sent by the company. That came after the state-owned producer said in mid-February that output from the Wafra field, also in the zone, would start within three months.The neutral zone can pump a combined 500,000 barrels …read more

Source:: Yahoo Finance

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