OPEC will discuss at a meeting in November whether to extend or end production cuts. Kuwait`s oil minister Essam al-Marzouq told Kuwait TV on Monday.
`At our next meeting at the end of November…the most important items will concern the fate of the agreement to extend or terminate the production cut.` Marzouq told Kuwait TV in an interview.
He said oil inventories in recent weeks fell more than expected and that one-week forecasts were two million barrels a day. down from 6.5 million.
Tags Essam Al Marzouq International International Organizations Minister Oil Minister Organization of the Petroleum Exporting Countries (OPEC) Production Reuters International News Agency
Check Also
China Tightens Hold on Iraq’s Oil with Al-Faw Refinery Nearing Completion
Back in early 2018 when rumours were rife that then-U.S. President Donald Trump was going …