Kuwait oil minister says it’s premature to say if output curbs will be extended in June

Comments from Kuwait’s oil minister

  • OECD commercial oil inventories are falling towards last 5-year average but “we still have more work to do”
  • Believes oil market expected to be balanced during the second half of the year “more towards the end of the year”
It would be a shock to the oil market if OPEC didn’t extend the production cut.