Kuwait says it welcomes OPEC+ cut

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Kuwait welcomes OPEC+’s decision to cut oil production by two million barrels per day, state news agency (KUNA) said on Sunday, quoting Kuwait Petroleum Corporation’s CEO.

Sheikh Nawaf al-Sabah also reiterated Kuwait was keen on maintaining balance in oil markets for the benefit of both consumers and producers.

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He said increasing economic concerns and expected slow global economic growth led to more disturbance of the balance between oil supply and demand.

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