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FINANCIAL NEWS
OPEC to keep oil production target unchanged, Kuwait expects
10 Nov 2013
(MENAFN) Crude oil production of OPEC is expected to remain the same as Kuwait forecasts, according to Arab News.
Kuwait produces over a third of the world’s oil, and is a member of OPEC.
Kuwait’s oil minister, Mustapha Al-Shamali, will meet with the other members in Vienna next month to decide the oil output target.
Al-Shamali said: “It will be a normal meeting. We will consider everything regarding every single thing, pricing and the production, and I think it will keep (oil output) the same as now.”
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