Author of the article:
KUWAIT — Kuwait has increased its oil production to 2.811 million barrels per day in line with the OPEC+ agreement, the country’s oil minister Mohammed Al-Fares said on Wednesday as cited by the state news agency KUNA.
Al-Fares added that years of underinvestment have led to limited spare capacity globally, resulting in volatile markets, and that Kuwait will continue to support efforts to stabilize crude markets through OPEC+. (Reporting by Maha El Dahan and Lilian Wagdy; Writing by Lina Najem; Editing by Toby Chopra)
Financial Post Top Stories
Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300