Kuwait Advocates Fair Oil Pricing Amid Market Fluctuations

Kuwait's Oil Minister Tariq Al-Roumi stated that a crude oil price between $60 to $68 per barrel is considered fair amid current market volatility. The unexpected drop in oil prices was a key discussion point at the OAPEC ministerial meeting in Kuwait.

Kuwait's Oil Minister, Tariq Al-Roumi, expressed the country's stance on oil pricing Sunday, asserting that a price range of $60 to $68 per barrel is fair given the present market dynamics.

During the Organization of Arab Petroleum Exporting Countries (OAPEC) ministerial summit in Kuwait, Al-Roumi highlighted the unforeseen slump in oil prices as a major issue for the industry.

This discussion reflects ongoing concerns about price stability within the global petroleum markets.