Kuwait backs Saudi call for talks on cutting oil outputChristian Fernsby ▼ | April 7, 2020
Kuwait supports Saudi Arabia’s call to renew talks on cutting oil supply due later this week and hopes for a successful outcome to stabilise the oil market, Kuwait’s oil minister Khaled al-Fadhel said.
Oil minister Khaled al-Fadhel
Topics: Kuwait Saudi oil
Saudi Arabia has called for an emergency meeting between OPEC and its allies as well as other oil producers.
“We totally support Saudi Arabia… and its current efforts in bringing back OPEC and non-OPEC countries to the table,” Khaled al-Fadhel told Reuters by telephone.
“We always welcome efforts to stabilise the market for the benefit of producers and consumers. We are being proactive and many countries are working hard on it to make it a success.
“We all care about energy investments and we all hope for a successful outcome out of the meeting,” he said. ■