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Tuesday, 23 May 2017

Kuwait says OPEC to discuss 6 or 9-month output cut extensions | Reuters

Kuwait says OPEC to discuss 6 or 9-month output cut extensions | Reuters:

"Kuwait's oil minister said on Tuesday that global oil producers would discuss at their meeting this week whether to extend output cuts for six months or nine months, because not all were on board for nine. "We have agreed on the six months. Some of the countries have agreed to six months subject to a revision in November for an additional three months," Essam al-Marzouq told reporters before heading to Vienna for the Thursday meeting. "From what I have heard, some of the press releases, the Iraqi and Iranian ministers have declared that they prefer six months," he said, before adding: "For nine months not everybody (is) on board.""



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