OPEC AND OIL PRICES

Kuwait Prepares Output Cut to 900,000 b/d 

The Kuwait Petroleum Corporation (KPC) has made the "necessary arrangements" to cut its oil output to 900,000 b/d in line with the recent OPEC accord, it was announced in Kuwait on 13 August. Mr. Mansour al-Fraih, Executive Assistant to KPC's Managing Director for Marketing, said the Corporation had also halted all spot sales and forward oil sales intended for September and October, the period covered by the...