Kuwait cuts oil supplies to Asia

The Kuwait Petroleum Corporation (KPC) is considering cutting off fuel supplies to some companies in India and Japan. News Reuters.

In a meeting with Indian refinery authorities this month, KPC officials said that in the future, oil will be supplied from April to December under an oil supply agreement. The previous agreement was to supply oil by March 2022.

The fourth-largest oil producer in OPEC says a decision on whether to supply fuel could be made in October or November in the first quarter of next year.

Sunbd/NJ