14-Oct-2010 11:07 AM

Kuwait to recommend OPEC maintain output quotas

Kuwait Oil Minister Sheikh Ahmad al- Abdullah al-Sabah stated the country would recommend that the Organisation of Petroleum Exporting Countries (OPEC) maintains oil production quotas, adding that the country would "be asking for more compliance” which is approximately 54%. Sheikh Ahmad stated Kuwait is content with current oil prices adding that USD70-85 is the “most comfortable” price range.