(FILES) Kuwait Petroleum Corporation CEO Shaikh Nawaf Saud Al-Sabah speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024. Oil has long been the bedrock for the tiny Gulf state's economy -- where more than 90 percent of government revenue and nearly all export earnings rely on reliable crude sales. The country is also home to roughly six percent of total oil reserves globally. (Photo by Mark Felix / AFP via Getty Images)