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HomeChannelsBusinessKuwait oil minister says expects extension of OPEC, non-OPEC deal | Reuters

Kuwait oil minister says expects extension of OPEC, non-OPEC deal | Reuters


ABU DHABI Kuwait’s oil minister Essam al-Marzouq said on Thursday he expected a global pact to cut oil supplies to be extended beyond June, supported by higher compliance from non-OPEC producers.

“We have a noticeable increase in compliance from non-OPEC which shows the importance of extending the agreement,” Marzouq told an industry event with other Gulf oil ministers including Saudi Arabia’s energy minister Khalid al-Falih in Abu Dhabi.


“I expect we will have an extension of the agreement,” he said, adding that talks among all oil producers were ongoing.

(Reporting by OPEC team)

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Reuters