Al Rai, a Kuwaiti daily newspaper, reported comments from Kuwait’s Oil Minister Bakhit al-Rashidi, with the key headlines found below (via Bloomberg).
The global oil market was approaching stability based on the current oil production levels after the recent OPEC and non-OPEC agreement to boost output.
Gulf Cooperation Council states have plans if Hormuz shut.
Optimistic output to resume in a joint Saudi Arabian field.
Expects pact to import gas from Iraq by year-end.
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