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OPEC not likely to cut oil output quotas, says Kuwait
- Kuwait: Tuesday, September 08 - 2009 at 10:32
Kuwait's oil minister Sheikh Ahmed Al-Sabah said he expects no further reduction in oil output quotas at this week's OPEC meeting in Vienna, Bloomberg has reported. OPEC needs only compliance with the quota and not more production cuts, he said. Oil prices will probably range from $60 to $75 a barrel for the rest of this year, the minister said, adding that $80 is possible.
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StaffTuesday, September 08 - 2009 at 10:32 UAE local time (GMT+4)
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