Kuwait To Support OPEC Decisions as Low Oil Demand Looms

November 01, 2020 12:12 AM AEDT
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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.

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