Kuwait is fully committed to implementing an agreement between oil producers
Publish Date : 2019/08/12 - 12:00

Kuwait’s official news agency, KUNA, reported the comments from the country’s Oil Minister Khaled al-Fadhel:


“Kuwait is fully committed to implementing an agreement between oil-exporting countries to cut production in order to support crude prices.

Kuwait has cut its own output by more than required by this agreement.

Fears of a global economic downturn, which have weighed down on prices, were exaggerated.

Global demand for crude should pick up in the second half, helping reduce the surplus in oil inventories gradually.

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