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Oil price ‘fair’ despite geopolitical factors: Kuwait

Posted on 08 April 2014

Kuwaiti Oil Minister Ali al-Omair said Monday that current oil prices are “fair” despite strong geopolitical factors impacting the region. OPEC member Kuwait is the world’s fourth-largest oil exporter, pumping around 3.0 million barrels per day, of which at least 2.6 million bpd are exported in the form of crude oil and petroleum products.
“There are geopolitical factors impacting oil prices… which are not only controlled by output levels and production capacity but also by political changes,” Omair said………………………………………..Full Article: Source


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