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Kuwait's oil minister: OPEC+ decisions based on oil market data and ensure market stability

12/04/2022 | 08:42am EST

CAIRO, Dec 4 (Reuters) - OPEC+'s decisions are based on oil market data and ensure the market's stability, Kuwait's oil ministry said in a statement on state news agency KUNA, following a meeting where the group decided to continue its existing policy.

The impact of slow global economic growth, soaring inflation and high interest rates on oil demand are a cause for "continuous caution", oil minister Bader al Mulla said. (Reporting by Nayera Abdallah, writing by Nafisa Eltahir Editing by Gareth Jones)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -1.57% 86.05 Delayed Quote.1.71%
WTI 0.00% 79.45 Delayed Quote.0.75%
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