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Output crash and demand revival offer hope to falling oil market
(FILES) In this file photo taken on May 9, 2019 an American Airlines passenger jet approaches Ronald Reagan Washington National Airport, in Arlington, Virginia. - Wall Street stocks tumbled in early trading May 4, 2020, with airline shares taking a major hit after Warren Buffett said he liquidated his holdings in major US carriers. About 15 minutes into trading, the Dow Jones Industrial Average stood at 23,383.10, down 1.4 percent.The broad-based S&P 500 dropped 1.0 percent to 2,801.24, while the tech-rich Nasdaq Composite Index shed 0.6 percent to 8,558.01. (Photo by Brendan Smialowski / AFP)

Stocks, oil advance as nations reopen
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More co-op staff test positive
Oil-storage tanks are seen from above in Carson, California, April 25, 2020 after the price for crude plunged into negative territory for the first time in history on April 20. - Although oil prices have stabilized somewhat since the unprecedented dive, the world remains in the throes of a glut of crude oil caused by a precipitous fall in demand due to the global coronavirus pandemic coupled with a lack of storage capacity for crude already in transit or still being produced. (Photo by Robyn Beck / AFP)

Oil firms face hedging, debt tests
A view of the Marathon Petroleum Corp's Los Angeles Refinery in Carson, California, April 25, 2020 after the price for crude plunged into negative territory for the first time in history on April 20. - Although oil prices have stabilized somewhat since the unprecedented dive, the world remains in the throes of a glut of crude oil caused by a precipitous fall in demand due to the global coronavirus pandemic coupled with a lack of storage capacity for crude already in transit or still being produced. (Photo by Robyn Beck / AFP)

US oil slides below $15 on storage worries
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KPC to coordinate with clients on slashing oil output
(FILES) In this file photo taken on April 21, 2020, an employee of a gas station in Arlington, Virginia, adjusts gasoline pump prices as they continue to fall. - Beaten-down US oil prices rallied on April 22, 2020, following dramatic declines earlier this week even as American crude inventories near capacity levels. Futures for the benchmark West Texas Intermediate for June delivery jumped 19 percent to $13.78 a barrel in New York. (Photo by Olivier DOULIERY / AFP)

Oil rallies as Gulf tensions eclipse virus woes
(FILES) In this file photo taken on October 21, 2019 a pumpjack from California-based energy company Signal Hill Petroleum is seen in front of the landmark Curley's Cafe, one of two pumpjacks in the Diner's parking lot which has been churning out oil from the ground below since 1921 in Signal Hill, California. - Oil prices soared more than four percent on January 3, 2020 and equities reversed early gains following news that the US had killed a top Iranian general, fanning fresh fears of a conflict in the crude-rich region. (Photo by Frederic J. BROWN / AFP)

Kuwait oil at $14.72 pb
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US oil hits -$40; Trump may halt Saudi imports
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Committee strips Kuwaiti citizenship of 1,647 individuals
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Oxford Academy School students pose for a photo with their Kuwait Times copies.
Oxford Academy School students visit Kuwait Times and Kuwait News
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Sons of Yusuf: Visionary Kuwaiti brothers revolutionizing Arabian Gulf sound
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NEW YORK: Italian visual artist Maurizio Cattelan's duct-taped banana entitled "Comedian" is on display during a media preview at Sotheby's on Nov 8, 2024. - AFP
Banana taped to wall ‘artwork’ sells for $6.2m
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Municipal Councilmember Aliaa Al-Farsi
Municipal Council environment committee urges urgent reforms for Jleeb Al-Shuyoukh