As Opec+ cuts are eased, production from the Saudi-Kuwaiti Neutral Zone is on the rise. How much higher can it go?
After averaging around 190,000 b/d through most of 2021, crude oil exports from the Saudi-Kuwaiti Partitioned Neutral Zone (PNZ) exited 2021 with two consecutive months in excess of 250,000 b/d. This is the first time that volumes have exceeded 250,000 b/d since production from the shared zone restarted in February 2020 after a near-five year cessation (MEES, 7 February 2020). (CONTINUED - 734 WORDS)