Kuwait OilMin: There are still no specific scenarios for raising or lowering production ceiling

Eren Sengezer FXStreet

Kuwait News Agency (KUNA) is reporting remarks from Kuwait oil minister with key quotes, via Reuters, found below.

There are still no specific scenarios for raising or lowering production ceiling.
OPEC and other producers will at upcoming meeting take appropriate decision to maintain oil market stability.
OPEC and non-OPEC producers not discussing oil price levels, but rather production levels, realizing market stability and preventing price fluctuations.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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