403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Kuwait does not expect oil output cut
(MENAFN) Kuwait's Oil Ministry said that it doesn't expect that OPEC will cut crude output when it meets later this month due to hopes that the market will absorb the surplus supplies of oil, Arab News reported.
The 12-member Organization for the Petroleum Exporting Countries, which is due to hold a meeting later this month, supplies around 40 percent of global crude output.
"Currently, there is no cause for panic in the markets as a result of the sharp decline in oil prices because the situation will improve," OPEC Secretary General was quoted saying earlier this week.
The 12-member Organization for the Petroleum Exporting Countries, which is due to hold a meeting later this month, supplies around 40 percent of global crude output.
"Currently, there is no cause for panic in the markets as a result of the sharp decline in oil prices because the situation will improve," OPEC Secretary General was quoted saying earlier this week.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment