Oil Update : Kuwait cuts 100,000 barrels per day

Kuwait will cut its crude oil output by 100,000 barrels per day, to conform to OPEC's recent decision to lower production by 1.2 mln bpd from Nov 1, the official news agency Kuna cited a Kuwaiti oil official as saying.
Kuwait currently produces 2.6 mln bpd, compared with its OPEC quota of 2.247 mln. It controls 10 pct of the world's proven reserves.