You are here

Kuwait joins UAE in pledge to cut oil output

They act after Saudis criticise Opec members who haven't fulfilled their promised supply reductions
Friday, July 28, 2017 - 05:50

Oil producers have agreed to let Libya and Nigeria keep increasing output but stressed the need for other suppliers to follow through on their pledged reductions.


KUWAIT joined the United Arab Emirates (UAE) in promising to pump less oil after Saudi Arabia called on fellow Opec producers to cut more supply to help curb the global glut.

Kuwait Petroleum Corp (KPC) has agreed with customers in the United States to reduce contractual

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom