Kuwait oil minister says it's difficult to imagine freeze by some countries and not others

Author: Adam Button | Category: News

Iran no fan of oil freeze

Kuwait's oil minister said he never got an official invitation to a March OPEC meeting and had only heard about it via the media.

Overall, he said he finds it difficult to imagine there will be a production freeze in some countries and not others. He said he would welcome coordination between OPEC and non-OPEC countries but that the important thing is consensus.

There's nothing new here but it underscores that a production freeze, even a token one, is unlikely.

Earlier we learned that hopes for an OPEC meeting have been pushed back to April but even that's unlikely with Iran unwilling to freeze. Ministers are worried about holding a meeting and then announcing there has been no deal.

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