KUWAIT

Kuwait's 'Ali Khalifah Says OPEC Crude Price Should Not be Permitted to Rise Above $18/B

Kuwait's Minister of Oil, Shaikh 'Ali Khalifah al-Sabah, has stated that Kuwait is opposed to any move to raise the price of crude oil above the current OPEC reference level of $18/B. This stand was forcefully put forward by Shaikh 'Ali Khalifah in the course of an address delivered at Kuwait University on 14 April. We should not at present take the risk of increasing oil...