Amadeusz Juskowiak

Kuwait minister says no emergency opec talks set

Kuwaits oil minister said in a newspaper interview that there were no plans for an emergency OPEC meeting after the recent weakness in world oil prices

Sheikh Ali alKhalifa alSabah was quoted by the local daily alQabas as saying that none of the OPEC members has asked for such a meeting

He also denied that Kuwait was pumping above its OPEC quota of 948000 barrels of crude daily bpd

Crude oil prices fell sharply last week as international oil traders and analysts estimated the 13nation OPEC was pumping up to one million bpd over its selfimposed limits

Reuter