Subscribe To
Kuwait minister: Oil output capacity will be 3.2 million barrels per day by end of 2024
The Minister of Kuwait has stated that the country's oil output capacity will reach 3.2 million barrels per day (BPD) by the end of 2024. However, he denied that Kuwait is seeking an increase in its OPEC quota. This follows the earlier statement by the CEO of Kuwait's state oil company, who stated that the current production capacity exceeds 2.8 million BPD and is expected to reach 3 million BPD in 2025. Despite these projections, Kuwait will continue to adhere to OPEC decisions.Crude oil is cur...
Read More
Posted: Jul 5 2023, 16:58
Author Name: forexlive
Views: 080935