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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