Kuwait say they expect oil prices to rise with higher level of output deal compliance

Author: Mike Paterson | Category: News

Kuwaiti oil minister Essam al-Marzouq speaking this morning 13 Feb

  • current oil prices good and expected to rise with higher compliance to the OPEC output reduction deal
  • OPEC compliance currently 92%, non-OPEC 50%
  • non-OPEC countries have pre-set commitments and compliance will be gradual

"We understand why the level of compliance of non-OPEC is as such but we also aim to reach 100% compliance"

Oil prices nudging a little higher on the comments.