Economy

SAUDI-KUWAIT

Saudi Arabia and Kuwait Agree to Resume Oil Production from Neutral Zone Fields

Domestic energy subsidies may be targeted by Saudi authorities.
Saudi Arabia and Kuwait will resume joint production at two oilfields from a shared neutral zone between the countries, according to Bloomberg.

OIL MARKETS

Weaker Demand for Oil as Coronavirus Spreads, Pushing Prices Down

Domestic energy subsidies may be targeted by Saudi authorities.
Saudi Arabia and other oil producing nations that form the OPEC+ group are seeking common ground on how to keep oil prices from tumbling further in the face of weak demand from the spread of the Coronavirus.

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