Kuwaiti Oil Minister confirms Kuwait's support for Saudi efforts to restore stability to oil markets

Wednesday 1441/9/20 - 2020/05/13
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Kuwait, May 12, 2020, SPA -- Kuwaiti Minister of Oil and Acting Minister of Electricity and Water, Dr. Khaled Al-Fadhel affirmed Kuwait’s support for the Kingdom of Saudi Arabia’s efforts to restore stability and balance to the oil markets.
Al-Fadhel expressed in a statement to Kuwait News Agency (KUNA) that the State of Kuwait welcomes joint coordination with the Kingdom of Saudi Arabia, pointing that it would initiate a voluntary reduction in its oil production by 80,000 barrels per day for next June in addition to the announced reduction according to its share in (OPEC + group) agreement.
--SPA
01:02 LOCAL TIME 22:02 GMT
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