BREAKING: Kuwait has begun cutting production at its oil fields after running out of room to store its bottled-up crude oil, per WSJ. Details include: 1. Kuwait is discussing limiting production to just what it needs to cover domestic consumption 2. A decision on those broader cutbacks is expected within days, sources say 3. Once production is shut, restarting production can take days or even weeks 4. Kuwait's ~2.6 million barrels of oil production per day appear to be at risk Oil storage in the Gulf countries is nearing maximum capacity.(The Kobeissi Letter)