News
& Events

Kuwait Petroleum Corporation: We welcome the (OPEC +) decision to reduce production aimed at maintaining the balance of oil markets

16-10-2022

The CEO of the Kuwait Petroleum Corporation, Sheikh Nawaf Saud Al-Nasser Al-Sabah, welcomed the decision of the (OPEC +) alliance to reduce production aimed at maintaining the balance and stability of oil markets in light of the current challenges, stressing the corporation's keenness to meet the demands of its customers globally. Sheikh Nawaf Al-Sabah affirmed in a statement to Kuwait News Agency (KUNA) today, Sunday, the keenness of the well-known State of Kuwait to maintain this balance to serve the interests of producing and consuming countries alike. He said that the increasing economic risks and the expected slowdown in global economic growth led to a growing imbalance between supply and demand in the oil markets.