OPEC

Kuwait Oil Minister Says Conditions Ripe for Quota Agreement 

The Kuwaiti Oil Minister, Shaikh 'Ali Khalifah al-Sabah, has said that current market conditions - and specifically rising demand for oil - are conducive to an OPEC agreement on quotas. Speaking in an interview published in the Kuwaiti daily al-Watan on 23 July, Shaikh 'Ali said that rising demand and the prospect of further increases to come are "an excellent basis" for such an agreement, since they...