Monday 12 August 2019

#Kuwait committed to implement accord to reduce oil output, says oil minister - Reuters

Kuwait committed to implement accord to reduce oil output, says oil minister - Reuters:

Kuwait is “fully committed” to implementing an agreement between oil exporting countries to cut production in order to support crude prices, Oil Minister Khaled al-Fadhel said on Monday.

He said his country has cut its own output by more than required by this agreement.

“The compliance of Kuwait was close to 160% last July,” he was quoted as saying by the official news agency KUNA.

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