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Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel
Oil, Gas, Petrochemical and Energy Field Specialized Channel

Kuwait oil minister: not discussing exit strategy from supply cuts at Sunday meeting

OPEC, supported by Russia and other non-members, began to reduce output a year ago to remove an oil glut built up in the previous two years.

Kuwait’s oil minister said that a joint oil ministerial monitoring meeting on Sunday would not discuss an exit strategy from current supply cuts.

Speaking to reporters on the sidelines of the event, Bakheet al-Rashidi said any discussion related to current agreement on cuts will done be in a meeting in June.

OPEC, supported by Russia and other non-members, began to reduce output a year ago to remove an oil glut built up in the previous two years.

 

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