Kuwait's Oil Minister Sheikh Ahmad Abdullah al-Sabah said on Tuesday OPEC should maintain its official output quota but called on member states for production compliance.
"There is no need to raise output ... Kuwait favors maintaining production quota," Sheikh Ahmad told reporters outside parliament which is due to hold a session later Tuesday to grill him as information minister.
There is no need to raise output ... Kuwait favors maintaining production quota
Sheikh Ahmad also said Kuwait will push for more output quota compliance, which according to secondary industry sources has plummeted to as low as 55 percent.
"Kuwait will push for more (output) compliance ... that's the major issue," at the OPEC ministerial meeting due to be held in Vienna on Wednesday.
A majority of OPEC members have already said they favor keeping the official output quota unchanged at 24.845 million barrels per day.
The Kuwaiti minister also said the market is well supplied and there is enough oil supply.
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