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Oil workers' strike in Kuwait boosts oil prices

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.

Kinder Morgan misses on earnings and cuts 2016 capital budget

Kinder Morgan misses on earnings and cuts 2016 capital budget

Husky begins oil production at Edam East Lloyd thermal project

Husky begins oil production at Edam East Lloyd thermal project