OPEC+ to set oil production levels that are fair to producers and consumers: Kuwait

OPEC and its allies are closely monitoring the oil market and any decision on production levels will “ensure energy supplies in the interest of producers and consumers alike,” Kuwaiti oil minister Mohammed al-Fares said Oct. 4, as the coalition prepares to consider a package of output cuts for November to bolster slumping prices. OPEC+ ministers are scheduled to gather in…