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Kuwait hosts meeting of oil production monitoring committee Saturday

Kuwait Petroleum Corporation (KPC)
Kuwait Petroleum Corporation (KPC)
KUWAIT, June 1 (KUNA) -- The State of Kuwait will host on Saturday an unofficial and consultative meeting for member states of the international commission for monitoring oil production, Kuwait Petroleum Corporation (KPC) said on Friday.
Participants in the meeting will review the market conditions, namely supply and demand, producers' adherence to the accord of slashing the crude oil output and market prospects.
The KPC statement added that the informal gathering of the Saudi-chaired commission would serve efforts for ensuring the market stability, interests of the producers and consumers.
Its next session, the ninth, is scheduled in Vienna on June 21. (end) osj.rk