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21:41 GMT
Kuwait Oil Minister Essam Al-Marzouq during his arrival in Vienna for the meetings
VIENNA, Nov 28 (KUNA) -- Kuwait Oil Minister Essam Al-Marzouq said Tuesday a ministerial market monitoring committee would examine oil output levels for October and producers' commitment to production cuts, then refer recommendations to an OPEC meeting.
Ministers from OPEC and non-OPEC will thoroughly discuss on Thursday whether to extend production cuts or not, said Al-Marzouq, also Minister of Electricity and Water.
Any decision will serve interest of the oil producers and consumer, and maintains oil market stability, Al-Marzouq told KUNA following his arrival in Vienna for the meetings.
He however said there was a general agreement among the 24 signatories to extend the production cut agreement following its expiration end of next March.
Al-Marzouq said non-OPEC Russia would join the ministerial meeting on Thursday.
Meanwhile, Iraqi Oil Minister Jabbar Al-Luaibi told KUNA Baghdad supported the production cut agreement.
He said Iraq was satisfied with the current oil prices. (end)
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