Kuwait OilMin: What OPEC cares about is oil market stability

Haresh Menghani FXStreet

Kuwaiti Oil Minister Bakheet Al-Rashidi crossed the wires in the last hour and said that the OPEC has the ability to meet demand in the market when there is a need.

Additional quotes:

• Expects global demand for crude oil to rise between 1.4-1.5 million bpd annually.
• The OPEC Vienna meeting will study supply and demand and then ascertain whether to cut or raise production.
• What OPEC cares about is oil market stability.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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