Kuwait joins Saudis, Russia to seek oil-cuts extension into 2018

Kuwait has now declared its support to extend the oil production cap by OPEC and other global producers. At a joint press conference, energy ministers from Saudi Arabia and Russia recently called the extension necessary.

BY WAEL MAHDI, BLOOMBERG

Kuwait joined Saudi Arabia and Russia in supporting an extension of oil-output cuts by OPEC and other global producers through the first quarter of 2018 to help trim global stockpiles.

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