Kuwait Oil Minister Expects OPEC To Increase Output

Kuwait Oil Minister Expects OPEC To Increase Output
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Τρι, 7 Ιουνίου 2011 - 17:15
Kuwait's Oil Minister Mohammad Al-Busairi expects the Organization of Petroleum Exporting Countries to increase output levels at its Wednesday meeting in Vienna, the Reuters news agency reports Tuesday.
Kuwait 's Oil Minister Mohammad Al-Busairi expects the Organization of Petroleum Exporting Countries to increase output levels at its Wednesday meeting in Vienna , the Reuters news agency reports Tuesday.

Al-Busairi is quoted as saying there is a need for more supply in the market, but he said he is "unsure" by how much OPEC will increase crude production.

"I expect demand to be strong in the third and fourth quarter, the demand will come mainly from Asia," he is quoted as saying.

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