Arab Today, arab today kuwait backs opec efforts to stabilize oil market
Last Updated : GMT 11:25:09
Arab Today, arab today
Arab Today, arab today

Kuwait backs OPEC efforts to stabilize oil market

Arab Today, arab today

Arab Today, arab today Kuwait backs OPEC efforts to stabilize oil market

Kuwait - KUNA

Kuwaiti Oil Minister Hani Al-Hussein welcomed the decision made by the Organization of Petroleum Exporting Countries (OPEC) earlier Thursday to keep its output ceiling unchanged. \"The organization is committed to keeping the global oil market well-supplied and preventing any drastic fluctuation in the prices,\" the minister told KUNA. The minister made the remarks shortly after the 161st ministerial meeting of global cartel decided to maintain the output level of 30 million barrels per day (mb/d) until the coming meeting due on December 12. \"The market is governed by the supply and demand mechanisms in addition to geopolitical and psychological factors which affect the prices,\" Al-Hussein said, noting that OPEC, while working to keep the stability of the market, is not mandated to set the oil prices. The minister added that he believes that USD 100 pb is a fair price for both exporters and importers at least for the time being.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait backs opec efforts to stabilize oil market Arab Today, arab today kuwait backs opec efforts to stabilize oil market

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait backs opec efforts to stabilize oil market Arab Today, arab today kuwait backs opec efforts to stabilize oil market

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday