Kuwaiti Oil Minister Mohammad Abdulatif Al-Fares said on Wednesday that it remains cautiously optimistic about the recovery in global oil demand amid covid vaccination campaigns and improvement in industrial production worldwide, as cited by the state news agency KUNA.
Additional comments:
“Ask OPEC + to fully comply with oil production cuts“.
“The balance between supply and demand in the oil market has improved.”
His remarks come ahead of Thursday’s joint meeting of the Organization of the Petroleum Exporting Countries and other major oil producers to decide on production policy.
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