Press Briefings By Iranian And Kuwaiti Oil Ministers
Iran's Gholamreza Aghazadeh (10 June)
I am not satisfied with the results of the agreement because Kuwait has not accepted to rollover the February production allocations. In order to solve this problem, the Conference proposed adding 160,000 b/d to Kuwait, but Kuwait rejected the offer.
In my opinion, if Kuwait had accepted the rollover, prices in the 3Q wouldhave improved by a minimum of $2/B. If Kuwait now...