​A Neutral Zone restart is coming and means more to Kuwait than Saudi

GULF COUNTRIES - Report 30 Jul 2019 by Rory Fyfe and Justin Alexander

Kuwait and Saudi Arabia are edging towards restarting shared oil fields suspended for over four years due to bilateral disputes, which overlap with wider tensions with Iran and Qatar. Until OPEC quotas are lifted, a restart would be offset by cuts at other fields, but the spare capacity and expected future output might still impact the oil market. Kuwait will benefit most from the restart, once OPEC quotas are also lifted, as it is more likely to increase production sooner, and its share in the Neutral Zone is about 8% of its remaining domestic capacity, compared with just 2% for Saudi Arabia.

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