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Kuwait sees no oil summit before Opec's Dec meeting

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Kuwait's oil minister Ali al-Omair said on Monday he does not believe there would be a summit of oil producing countries before Opec's next meeting in December.

[KUWAIT] Kuwait's oil minister Ali al-Omair said on Monday he does not believe there would be a summit of oil producing countries before Opec's next meeting in December.

The minister of the Gulf Opec member told reporters that the problem was that countries from outside Opec are not committed to what they would offer to stabilise prices.

He was responding to a question on a Venezuelan proposal for an Opec and non-Opec heads of states summit. Cash-strapped Venezuela has for months been pushing for an emergency Opec meeting with Russia to stem the tumble in prices.

REUTERS

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