Kuwait to support any decision of the oil cartel – OPEC as the low oil demand looms.
- OPEC and the non-OPEC member Russia plans to extend the supply cuts of 7.7 million barrels a day into next year.
- However, some oil producers are willing to pump more oil from January 2021.
- Furthermore, OPEC believes that extending the production cut would mark a change from the existing pact between OPEC and allies.