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Kuwait oil minister says expects extension of OPEC, non-OPEC deal

Reuters  |  ABU DHABI 

(Reuters) - Kuwait's minister Essam al-Marzouq said on Thursday he expected a global pact to cut supplies to be extended beyond June, supported by higher compliance from non-producers.

"We have a noticeable increase in compliance from non-which shows the importance of extending the agreement," Marzouq told an industry event with other Gulf ministers including Saudi Arabia's energy minister Khalid al-Falih in

"I expect we will have an extension of the agreement," he said, adding that talks among all producers were ongoing.

(Reporting by team)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Kuwait oil minister says expects extension of OPEC, non-OPEC deal

ABU DHABI (Reuters) - Kuwait's oil minister Essam al-Marzouq said on Thursday he expected a global pact to cut oil supplies to be extended beyond June, supported by higher compliance from non-OPEC producers.

(Reuters) - Kuwait's minister Essam al-Marzouq said on Thursday he expected a global pact to cut supplies to be extended beyond June, supported by higher compliance from non-producers.

"We have a noticeable increase in compliance from non-which shows the importance of extending the agreement," Marzouq told an industry event with other Gulf ministers including Saudi Arabia's energy minister Khalid al-Falih in

"I expect we will have an extension of the agreement," he said, adding that talks among all producers were ongoing.

(Reporting by team)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Kuwait oil minister says expects extension of OPEC, non-OPEC deal

(Reuters) - Kuwait's minister Essam al-Marzouq said on Thursday he expected a global pact to cut supplies to be extended beyond June, supported by higher compliance from non-producers.

"We have a noticeable increase in compliance from non-which shows the importance of extending the agreement," Marzouq told an industry event with other Gulf ministers including Saudi Arabia's energy minister Khalid al-Falih in

"I expect we will have an extension of the agreement," he said, adding that talks among all producers were ongoing.

(Reporting by team)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22