By Ahmed Awad: Kuwait’s Oil Minister Ali Al Omair said the upcoming meeting of OPEC will likely reach ‘positive’ results that will trigger stability in markets.
Speaking on the sideline of a conference held in Kuwait Sunday, the minister added that the current decline in crude price was caused by stronger production and weaker demand.
Al Omair also said a recovery in oil prices would be for the best interest of producers and consumers alike, as improved prices fuel investments in oil sector.
