Kuwait Temporarily Halts Spot Sales to Keep within OPEC Quota

The Kuwait Petroleum Corporation (KPC) has halted spot sales of crude oil in order to hold Kuwait's production within its OPEC quota, according to Mr. Mansur al-Furaih, KPC Executive Assistant Managing Director for Supply. Mr. Furaih told Reuters on 27 August that spot sales had been stopped in a move to keep Kuwait from exceeding its OPEC quota.

Meanwhile, MEES understands that KPC's halting of spot sales is...