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Kuwait backs OPEC+ meeting,resumes Neutral Zone shipments with Saudi

Kuwait backs OPEC+ meeting,resumes Neutral Zone shipments with Saudi : Google
  • Business

Kuwait supports Saudi Arabia’s invitation for a meeting between meeting of OPEC and non-OPEC oil produce,

an informal grouping known as OPEC+, to curb global oil supply and halt the oil price rout, oil minister Khaled al-Fadhel said on Friday.

The minister, cited by the state-news agency KUNA, also announced the resumption of crude shipments from the so-called Neutral Zone the country shares with Saudi Arabia for the first time in five years.

The shipment, of about one million barrels will be loaded on a tanker on Saturday and Sunday, for export to Asia, he said.

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Category: #Business, #Government | 2020/04/04 latest update at 10:00 AM
Source : Reuters | Photocredit : Google
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