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WTI Extends Gains After 6th Weekly Crude In A Row
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The Commodities Feed: OPEC+ week | Hellenic Shipping News Worldwide
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OPEC+ faces calls to hike oil output, but some warn against loosening quotas too fast
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Kuwait names new OPEC governor, national representative under oil minister Fares
Kuwait has shuffled its OPEC delegation, promoting Mohammed al-Shatti to its second-ranking envoy to the organization, behind oil minister Mohammed al-Fares.
Shatti, who will serve as Kuwait’s OPEC governor, was previously the delegation’s No. 3 official as OPEC national representative. He replaces Haitham al-Ghais, who is now the vice president of international marketing for state-owned Kuwait Petroleum Corp.
The OPEC national representative role will be filled by Sheikh Abdullah al-Sabah.
Kuwait pumped 2.36 million b/d of crude oil in May, in line with its quota, according to the latest S&P Global Platts survey of OPEC production. It is currently the organization’s fifth largest member by crude output and is a close ally of Saudi Arabia, OPEC’s biggest producer.
Kuwait appoints Al Shatti as new Opec governor
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