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(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)

Oil producers intend to cut 10-15m barrels
An electronic display board shows the price in pence per litre for petrol and diesel fuels, at a Tesco supermarket in Cardiff, south Wales, on March 30, 2020, as life in Britain continues during the nationwide lockdown to combat the novel coronavirus pandemic. - Oil prices plunged Monday as the number of novel coronavirus cases worldwide surged past 700,000, reinforcing worries about the impact on the global economy. Crude oil struck the lowest levels in more than 17 years on Monday, with Brent North Sea tumbling to $22.58 per barrel at one point. (Photo by GEOFF CADDICK / AFP)

OPEC+ may reach output cut if US joins
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Kuwait backs Saudi call for talks on cutting oil output
(FILES) This file photo taken on March 3, 2016, shows a an Iraqi national flag flying before front of excess gas being burnt off, at a pipeline in the newly opened section of the oil refinery of Zubair, southwest of Basra in southern Iraq. - As crude prices plunge, Iraq's oil sector is facing a triple threat that has slashed revenues, risks denting production and may spell trouble for future exports. (Photo by HAIDAR MOHAMMED ALI / AFP)

Iraq's oil earnings plunge in March
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KOTC takes delivery of new oil tanker
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Coronavirus won't affect oil production: KOC
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Kuwait oil price down to $31.89 pb
Meric Greenbaum, Designated Market Maker IMC financial looks up at the board before the opening bell right before trading halted on the New York Stock Exchange on March 9, 2020 in New York. - Trading on Wall Street was temporarily halted early March 9, 2020 as US stocks joined a global rout on crashing oil prices and mounting worries over the coronavirus.The suspension was triggered after the S&P 500's losses hit seven percent. Near 1340 GMT, the broad-based index was down more than 200 points at 2,764.21. (Photo by TIMOTHY A. CLARY / AFP)

Markets slump as recession fears mount
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Kuwait oil price down to $32.16 pb
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OPEC Secretary-General Haitham Al-Ghais.
OPEC to COP29: Oil gift from God
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DOHA: Kuwait’s Minister of Interior Sheikh Fahad Yusuf Saud Al-Sabah speaks at the 41st meeting of the Interior Ministers of the Gulf Cooperation Council. — KUNA photos
Interior minister calls for uniting GCC security efforts
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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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Ballet dancer Vladimir Shklyarov from the Mariinsky Ballet performs during a dress rehearsal of 'Tchaikovsky Pas de Deux' at the Saddlers Wells theatre in London, on October 15, 2008. --AFP
Funeral of famed Russian ballet star set for Thursday