Tag: Kuwait oil workers end strike

Crude falls in Asia as Kuwait oil workers end strike

SINGAPORE (AFP) — Oil prices resumed their fall in Asia Wednesday after petroleum workers called off a strike in key OPEC producer Kuwait, quashing hopes the disruption could help ease a persistent supply glut. Curtailed production resulting from the three-day strike in OPEC’s fourth biggest member led prices to rise Tuesday, ending a four-day losing streak. But prices resumed their decline after the Kuwait Oil Workers Union on Wednesday ended their mass action and decided […]