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Acting Kuwaiti oil minister says OPEC+ move will have positive ramifications

(Adds quotes from minister) CAIRO, Oct 5 (Reuters) – Kuwait’s acting oil minister Mohammed Al-Fares on Wednesday said the OPEC+… ....

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Oil Updates — Crude up; Kuwait says OPEC+ works to serve global economy

RIYADH: Oil prices rose for a fourth session on Thursday, with Brent at a three-week high, after the Organization of the Petroleum Exporting Countries and its allies, including Russia, known as OPEC+, agreed to cut output by about 2 million barrels per day, the largest reduction since 2020. Brent crude futures for December settlement rose 12 cents, or 0.13 percent, to $93.49 ....

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Kuwait forms cabinet with new oil minister, finance minister re-appointed

Kuwait appointed a new cabinet on Wednesday, naming Hussein Ismail as oil minister to replace Mohammed Al-Fares and reappointing finance minister Abdul Wah.. ....

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Amir calls to adhere to law, constitution as PM named

Amir calls to adhere to law, constitution as PM named
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Arab oil producers say OPEC+ should stick to current output agreement

OPEC+ should stick to its current agreement to add 400,000 barrels per day a month to output, Arab oil and energy ministers said on Sunday as they gathered in Riyadh for the 2022 International Petroleum Technology Conference (IPTC). Iraqi oil minister Ihsan Abdul Jabbar said that "for the benefit of all the energy market, OPEC+ should stay with the continuing and sustained current agreement" to avoid surprises. ....

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