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FinancialNews


  • 01-11-10

    Kuwait satisfied with current oil prices

    (MENAFN) Kuwait, one of the world's top producers of crude oil, has expressed its satisfaction at the current level of oil prices, $70-85 per barrel, Kuna reported. Oil prices are likely to remain unchanged till the end of this year, said Kuwait's Minister of Oil and Information Sheikh Ahmad Al-Abdullah al-Sabah in a statement. Kuwait's current oil prices are still within the OPEC target, between $70 and $80 per barrel. The north Gulf country, which depends heavily on oil for income, has recently upped its fleet of oil tankers to 20.

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