Acting Kuwaiti Oil Minister: OPEC+ decision will have positive impact on oil market

Following the OPEC and its allies (OPEC+) output cut decision, Kuwait’s acting Oil Minister Mohammed Al-Fares said that the move by the alliance will have positive ramifications on the oil markets.

Additional quotes

“The decision places a big responsibility on us to follow up on market developments in case supply or output increases,” 

 “OPEC+ works to serve the global economy, not threaten it.”