Pro­duc­tion quo­tas

Kuwait Times - - FROM THE ARABIC PRESS - —Al-An­baa

KUWAIT: Kuwait’s OPEC Gover­nor Nawal Al-Fuzai con­firmed that Kuwait is com­mit­ted to fol­low the pro­duc­tion quo­tas to be spec­i­fied dur­ing the or­ga­ni­za­tion’s meet­ing in Vi­enna next Novem­ber, in­di­cat­ing that Kuwait’s cur­rently pro­duces 2,970 mil­lion bar­rels of crude a day. She said that oil prices are likely to be around $50 per bar­rel un­til the end of the year, while the Kuwaiti crude’s price is ex­pected to be around $45 per bar­rel.

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