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Saudi Arabia, Kuwait expect OPEC to maintain current oil output

Posted on 11 June 2014

Saudi Arabia and Kuwait said on Tuesday they expect OPEC to keep oil production levels stable so as not to alter prices at a meeting of the cartel this week. Saudi Oil Minister Ali al-Nuaimi said the market was “stable and balanced” and that he therefore believed there would not be any decision to change output.
“The price is at a comfortable level for producer and consumer countries as well as for the oil industry,” he said ahead of Wednesday’s meeting of the Organisation of Petroleum Exporting Countries in Vienna………………………………………..Full Article: Source


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