Doha oil meet­ing ‘pos­i­tive ges­ture’

Kuwait Times - - LOCAL -

DOHA: The unofficial meet­ing of global oil pro­duc­ers in Doha is con­sid­ered a pos­i­tive ges­ture that will hope­fully have an im­pact on the OPEC min­is­te­rial meet­ing due on Novem­ber 30 in Vi­enna, said a Kuwaiti of­fi­cial yes­ter­day. Un­der­sec­re­tary at the Min­istry of Oil Sheikh Talal Nasser Al-Athbi Al-Sabah told KUNA the meet­ing touched on is­sues con­nected with the global af­fairs of oil pro­duc­tion, adding that one of the chief items of the meet­ing was OPEC’s in­ten­tion to re­duce the or­ga­ni­za­tion’s pro­duc­tion. Coun­tries such as Rus­sia and Iran had some pos­i­tive in­puts re­gard­ing their de­sire to re­duce pro­duc­tion, said Sheikh Talal who hoped OPEC would come up with a de­ci­sion to de­crease its out­put. The de­ci­sion will ex­clude Libya, Nige­ria, and Iran, said. The Kuwaiti of­fi­cial lauded the role played by Qatar in the process of find­ing a bal­ance be­tween sup­ply and de­mand, stress­ing that it would be ben­e­fi­cial for pro­duc­ers and con­sumers.

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