Sunday , February 18 2018

Iran wants much steeper Saudi oil cut – OPEC source

VIENNA, Nov 29 (Reuters) – Iran has written to the Organization of the Petroleum Exporting Countries saying Saudi Arabia needs to cut oil output to 9.5 million barrels per day, an OPEC source told Reuters.

Saudi Arabia has previously indicated it was prepared to reduce its production only by 0.5 million bpd from current levels of 10.5 million bpd.

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Kuwait satisfied with level of oil output cut – Reduction at 122 pct in Nov

KUWAIT CITY, Dec 20, (KUNA): Kuwait’s Oil Minister and Chairman of the Joint Ministerial Monitoring …

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