| Opec’s Gulf oil producers have signalled that the cartel will persist with its current price war strategy when it gathers to decide on production quotas in June. Kuwait’s governor to the organisation told an energy conference in Qatar on Tuesday that the current policy of producing around 30m barrels per day of crude will continue.
“I think so because there is less than two months, removing weekend and summer time, before the next Opec meeting,” said Nawal Al-Fuzaia. “I don’t think there would be a big change in the oil market supply/demand in this time.”..............................................Full Article: Source
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