Kuwait's oil minister said on Saturday he expected Opec to keep its crude oil output target unchanged at its next meeting. Kuwait is a member of the Organisation of Petroleum Exporting Countries (Opec), the producer group that pumps more than a third of the world's oil. It will meet next on December 4 in Vienna to decide whether to adjust its output target.
"It will be a normal meeting. We will consider everything regarding every single thing, pricing and the production, and I think it will keep (oil output) the same as now," Mustapha al-Shamali said. He also said Kuwait was currently producing 2.9 million barrels per day of oil and had the capacity to produce 3.2 million bpd.