Economic / Kuwaiti Minister of Oil confirms Kuwait’s support for Saudi efforts to restore stability to oil markets
Tuesday 9/19/1441 AH corresponding to 12/05/2020 A.D.
Kuwait 18 Ramadan 1441 AH corresponding to May 11, 2020 A.D.
The Acting Minister of Oil and Electricity and Water Minister Dr. Khaled al-Fadil affirmed the support of the State of Kuwait to the efforts of the Kingdom of Saudi Arabia in restoring stability and balance to the oil markets.
Al-Fadil said in a statement to Kuwait News Agency (KUNA) that the State of Kuwait welcomed the joint coordination with the Kingdom, indicating that it would initiate a voluntary reduction in its oil production by 80 thousand barrels per day for next June in addition to the announced reduction according to its share according to the (OPEC +) agreement.
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