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Kuwaiti Oil Minister: No plans for an emergency meeting of the Organization of Petroleum Exporting
3/20/2015
Kuwait's oil minister said his country was committed at current production rates, and he sees no reason to hold an emergency session of the Organization of Petroleum Exporting Countries (OPEC), despite the decline in oil prices. The news agency quoted the official Kuwait (KUNA) Oil Minister Ali Al-Omair as saying on Thursday that there was no reason to hold an emergency meeting of the Organization of Petroleum Exporting Countries, consisting of 12 countries to re-evaluate the strategy before its next scheduled meeting in June. He said that Kuwait would be "very happy" if other producers to reduce their output of. However, he said that Kuwait still produces the same output agreed upon within OPEC at its last meeting in November, a second levels. And dropped the price of Brent crude, the international oil price scale, with more than half the price since last summer. Fell 2.6 percent at $ 55.38 in the evening at the London Stock Exchange
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3/20/2015
Kuwait's oil minister said his country was committed at current production rates, and he sees no reason to hold an emergency session of the Organization of Petroleum Exporting Countries (OPEC), despite the decline in oil prices. The news agency quoted the official Kuwait (KUNA) Oil Minister Ali Al-Omair as saying on Thursday that there was no reason to hold an emergency meeting of the Organization of Petroleum Exporting Countries, consisting of 12 countries to re-evaluate the strategy before its next scheduled meeting in June. He said that Kuwait would be "very happy" if other producers to reduce their output of. However, he said that Kuwait still produces the same output agreed upon within OPEC at its last meeting in November, a second levels. And dropped the price of Brent crude, the international oil price scale, with more than half the price since last summer. Fell 2.6 percent at $ 55.38 in the evening at the London Stock Exchange
[You must be registered and logged in to see this link.]
