29.10.2009 - Kuwait to raise output on $100 oil price

From Maktoob.com: OPEC member Kuwait will use its spare crude capacity to raise output if needed to halt oil prices from rallying to $100 a barrel and above, a member of Kuwait's Supreme Petroleum Council said Wednesday. "There is a lot of leverage in Kuwait, we are now only producing 2.2 million barrels a day and the capacity is 2.7 million so there's 500,000 barrels a day idle capacity," Imad Al Atiqi told Zawya Dow Jones in a telephone interview...........................Full Article: Source

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