KUWAITI OIL WORKERS END STRIKE
Kuwait's oil production returned to normal after thousands of striking workers rejoined work on April 20.
Plants were operating at that rate, less than 60% of capacity, since the strike began on April 17. The 13,000 members of the Oil & Petrochemical Industries Workers Confederation went on strike to protest cuts in pay and benefits as Middle Eastern crude exporters reduced subsidies and government handouts to cope with falling oil prices. A global glut of crude has pushed prices 32% lower in the past year. Worldwide supply surpassed demand by 1.5 million barrels a day in the first quarter, according to the International Energy Agency.