Mideast Gulf Producers Move to Cut Output

摘要

Mideast Gulf oil producers are moving to lower their oil output as the May 1 start date of new Opec-plus production cuts draws closer. Kuwait’s Oil Minister Khaled al-Fadhel said on Thursday that the Opec member state felt it needed to respond to market conditions and had already taken steps to reduce supply to the market, the official Kuwait News Agency (Kuna) reported.