USD 92.5919

+0.02

EUR 100.2704

-0.14

Brent 87.04

+1.35

Natural gas 1.762

+0.05

260

Opec Considers Reducing Oil Supply

Kuwaiti Energy Minister Sheikh Ahmad Al-Fahd Al-Sabah, says the group is considering if it should reduce the oil supply

Opec Considers Reducing Oil Supply

Kuwaiti Energy Minister Sheikh Ahmad Al-Fahd Al-Sabah, who currently holds the rotating presidency of the Organization of Petroleum Exporting Countries, says the group is considering if it should reduce the oil supply.

The OPEC president noted this before he went to Qatar for negotiations on energy cooperation, especially in natural gas.

Sabah said that now the crude output reaches 30.3 million barrels per day, which means about two million barrels inventory every day.

He added that OPEC could decide to reduce supply in excess of official limits, but oil prices should be acceptable for both producers and consumers.

Follow us on Facebook
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru