Oil workers' strike in Kuwait boosts oil prices
Thousands of Kuwaiti oil workers continue to strike for a third day, reducing the country's oil output to 1.5 million bbl/day, down from a normal level of 2.8 million bbl/day. Members of the Oil & Petrochemical Industries Workers Confederation are protesting cuts in wages and benefits imposed by the government. The Kuwaiti government asked the union to keep operations running and threatened legal action. Union strikes are relatively rare in the Middle East. Kuwait is OPEC’s fourth-largest member.