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Bloomberg reports the latest comments delivered by Kuwait’s Oil and Water Minister Khaled Al-Fadhel in Tokyo on Tuesday.

Al-Fadhel noted that OPEC ministers will discuss the group’s crude production at a meeting in Jeddah next month.

This comes after Saudi Arabian Oil Minister Al-Falih said yesterday that in the next few weeks the Kingdom will consult closely with other producers and key oil consuming nations to ensure a stable and well-balanced market.