Kuwait has been forced to , hopefully only temporarily , reduce its oil output due a rare outbreak of industrial pollution by the public sector , prompting a backlash to fiscal reform measures triggered by low oil prices . Kuwait Oil Company is having to reduce its output to 1.1 m barrels a day from its regular output of 3 m barrels a day . Though the Government has dismissed the impact , stating it has at least 25 days ' worth of stockpiles of petroleum by - products , it does highlight the growing resentment in the Gulf as cash - strapped nations try to rebalance their oil - dependent economies . To balance its budget , Kuwait needs the oil price to be $ 50 a barrel . This criticism comes as OPEC failed to reach an agreement in Doha over its crude prices , which caused oil prices to plunge today .
Kuwait has been forced to, hopefully only temporarily, reduce its oil output due a rare outbreak of industrial action by the public sector, revealing a backlash to fiscal reform measures triggered by low oil prices. Kuwait Oil Company is having to reduce its production to 1.1m barrels a day from its regular output of 3m barrels a day. Though the Government has dismissed the impact, stating it has at least 25 days' worth of stockpiles of petroleum by-products, it does highlight the growing resentment in the Gulf as cash-strapped nations try to rebalance their oil-dependent economies. To balance its budget, Kuwait needs the oil price to be $50 a barrel. This strike comes as OPEC failed to reach an agreement in Doha over freezing crude output, which caused oil prices to plunge today.