Kuwait's Oil Minister called on OPEC+ to the fully comply with oil output cuts
Kuwait cautiously optimistic global oil demand will improve
Kuwait's Oil Minister says market supply/demand balance has largely improved as a result of output cuts implemented by OPEC+.
Wednesday 31/03/2021
Kuwait's Oil Minister called on OPEC+ to the fully comply with oil output cuts
DUBAI - Kuwait's Oil Minister Mohammad Abdulatif al-Fares expressed "cautious optimism" on Wednesday that the global oil demand will improve as COVID-19 vaccination programs gather pace and industrial output recovers.
Speaking ahead of a joint meeting of the Organization of Petroleum Exporting Countries and other major oil producers, he said the market supply/demand balance has largely improved as a result of output cuts implemented by the group known as OPEC+, according to state news agency KUNA.
He called on the group to the fully comply with these cuts.