OPEC+ production cuts wise, legislation that could destabilize energy markets should be avoided - Kuwait oil minister


Reuters | Updated: 16-03-2023 17:20 IST | Created: 16-03-2023 16:56 IST
OPEC+ production cuts wise, legislation that could destabilize energy markets should be avoided - Kuwait oil minister
Representative image Image Credit: ANI

Efforts by the Organization of Petroleum Exporting Countries and their allies, known as OPEC+, to stabilize oil markets through a unanimously agreed production cut were wise, Kuwait's oil minister Bader al Mulla told state news agency (KUNA) said on Thursday.

Legislation that could destabilize energy markets and lower investments should be avoided, Mulla added without specifying further.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback