Gulf producers may reject Opec cuts to guard market share
Add BT as a preferred sourceKuwait City
GULF oil producers led by Saudi Arabia will likely reject output cuts at an Opec meeting next week unless they are guaranteed their market share in a highly competitive market, analysts say.
The stance of Kuwait, Qatar, United Arab Emirates (UAE) and Saudi Arabia is seen as crucial for a positive Opec decision on reducing supplies to boost crude prices, which have shed a third of their value since June.
