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Kuwait says market conditions to determine any extension of OPEC-led cut deal

Reuters  |  KUWAIT 

By Rania El Gamal and Ahmed HagagyKUWAIT (Reuters) - Kuwait's oil minister said on Monday a pact between OPEC and non-OPEC producers to curb supplies would run to the end of the year and market conditions would determine whether to extend it beyond the end of 2018.Bakhit al-Rashidi also said the meeting of the Organization of the Petroleum Exporting Countries in June in Vienna would offer a chance to review the deal, adding that oil markets were heading in the right direction for stability."The agreement will continue until end of this year," the minister told reporters at an oil industry ...

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First Published: Mon, April 16 2018. 14:35 IST
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