Yonhap Infomax NewsUAE's ADNOC and Kuwait's KPC announce production cuts as Strait of Hormuz blockade disrupts critical oil export routes, with both companies citing storage capacity concerns and maintaining operational flexibility for potential resumption of normal output levels once maritime security improves.
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UAE Joins Kuwait in Cutting Oil Output Amid Strait of Hormuz Blockade
UAE's ADNOC and Kuwait's KPC announce production cuts as Strait of Hormuz blockade disrupts critical oil export routes, with both companies citing storage capacity concerns and maintaining operational flexibility for potential resumption of normal output levels once maritime security improves.