OPEC Seen by Kuwait More United on Oil Output as Prices Rise
What's Next For Oil?
This article is for subscribers only.
OPEC is more united now about keeping its oil-production target unchanged than it was at its last meeting in November because crude prices have risen this year, according to Kuwaiti Oil Minister Ali Al-Omair.
The Organization of Petroleum Exporting Countries, which plans to meet on June 5, seeks to stabilize crude prices as volatility hurts producing and consuming countries alike, Al-Omair said Tuesday at a conference in Doha, Qatar. Producers outside OPEC should share responsibility for maintaining stable supply and prices of crude, he said, without providing details.