KUWAIT CITY – Kuwait’s oil minister said yesterday his country would back any output hike by Opec members in order to cool soaring oil prices and stabilise the market.
“I think all Opec members are trying now to have full production capacity but if they have to increase output by any size, we are supporting it,” Sheikh Ahmed Fahd al-Sabah told reporters. “We are currently producing almost to the maximum of our capacity,” which is around 2,4 to 2,5 million barrels per day (bpd), he said.Kuwait’s current Opec quota is 1.886 million bpd.- Nampa-AFP”We are currently producing almost to the maximum of our capacity,” which is around 2,4 to 2,5 million barrels per day (bpd), he said.Kuwait’s current Opec quota is 1.886 million bpd.- Nampa-AFP
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