Oil price forecast at USD 60 pb as of January -- Kuwait

KUWAIT -- The prediction was announced by Issam Al-Marzouq, the Minister of Oil, Electricity, Water and Chairman of Kuwait Petroleum Corporation (KPC). He was speaking as he hosted well-wishers on the occasion of assuming the oil protfolio, held at the oil complex diwaniya today.
"We hope to attain such a price for preserving the (output) quotas for member states of the Organization of Petroleum Exporting Organization (OPEC) and outside the organization," said the minister. (more) ojs.rk