Kuwait Says $100 ‘Fair’ Price for Oil, Al-Seyassah Reports
By Fiona MacDonald -
2011-06-19T08:12:44Z
Oil at $100 a barrel is a “fair” price at the current time and is acceptable to producers and consumers, Al-Seyassah reported, citing Nawal al-Fuzaie, Kuwait’s OPEC delegate.
Kuwait is currently producing 2.6 million barrels of oil a day, al-Fuzaie said, according to the newspaper.
To contact the reporters on this story: Fiona MacDonald in Kuwait at fmacdonald4@bloomberg.net;
To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net
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