Saudi Chevron Halting Output at Wafra Oil Fields for Work
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Chevron Corp. confirmed that it’s shutting down the Wafra oil fields on Kuwait’s border with Saudi Arabia for maintenance amid a shortage of staff and equipment, trimming a potential 250,000 barrels a day from global supply.
Kuwait’s Oil Minister Ali Al-Omair said the suspension may become permanent. After a two-week stoppage for servicing, “we will decide to either halt production or continue,” he said Tuesday in an interview in Doha, Qatar.