Kuwait reportedly begins cutting production at some oil fields

Kuwait has begun cutting production at some oil fields after running out of room to store its bottled-up crude, The Wall Street Journal reports, citing people familiar with the matter.

The country, which is a founding member of the Organization of the Petroleum Exporting Countries (OPEC), is discussing limiting its production and refining capacity further, to just what it needs to cover domestic consumption, the WSJ reports.

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