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Commodities Briefing - Categorized | Market Pulse, Oil more

Kuwait recommends OPEC keep current output ceiling, Al Rai says

Posted on 22 August 2012

OPEC should maintain its production ceiling at its next meeting in December because oil prices have been rising, Kuwait’s Oil Minister Hani Abdulaziz Hussain said, according to the Al Rai newspaper.
The market is “balanced,” with positive effects from a better-than-expected performance in the U.S. economy and stability in Europe, he said, the Kuwaiti paper reported………………………………………..Full Article: Source


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