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oil-barrels

Kuwait expects crude price to stabilise

: Thursday, July 03 - 2014 @ 02:53

Kuwaiti oil minister, Ali Al Omair has said he expects oil prices to ease following a rise prompted by unrest in oil-producing Organisation of Petroleum Exporting Countries (OPEC) members Iraq and Libya, AFP has reported. “Markets have witnessed a slight increase recently, but this rise will not last for long as prices will stabilise. They have already started to ease and return to normal levels,” said Al Omair.

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Thursday, July 3- 2014 @ 2:53 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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