Kuwait Looks To Ease Dependence On Saudi Arabia With New Oil Development

Kuwait had already slipped into an economic contraction of 1.1 per cent the fourth quarter of 2019, over the same period in the previous year, before Saudi Arabia decided to gamble again with the finances of fellow OPEC members and launch another oil price war in March designed to disable the U.S. shale oil sector. With the same destruction of its budget as happened the last time that it trusted Saudi Arabia’s decision-making, Kuwait is even more desperate for funds than last time, as is every other OPEC member that followed Saudi’s…