Kuwait's oil minister says his
country will stick to existing production targets and sees no reason for an
emergency session of OPEC despite the slide in crude prices.
Oil Minister Ali al-Omair was quoted
by the official Kuwait News Agency on Thursday saying there is no reason for
the 12-nation bloc to reassess strategy before its scheduled June gathering.
He says Kuwait would be "very
happy" if other producers cut their output. But he says Kuwait will stick
to production levels OPEC agreed to at its last meeting in November.
The price of Brent crude, a benchmark for
international oil, has fallen by more than half since last summer. It was down
2.6 percent at US$55.38 in afternoon trading in London.
No comments:
Post a Comment