Opec to maintain supply

Published September 7, 2003

KUWAIT, Sept 6: Kuwait’s energy minister Ahmad al-Fahd al-Sabah said on Saturday that he believes OPEC’s current

supply limits are likely to continue since oil prices are still suitable.

Asked about recent remarks by Ali al-Naimi, oil minister of OPEC heavyweight Saudi Arabia, that there was probably no need to change OPEC’s output ceiling, the Kuwaiti minister told Reuters:

“I fully agree with what my colleague Mr. Naimi is saying. I think we will continue with our production.”

Asked about thinking in the Organisation of Petroleum Exporting Countries before its ministerial meeting this month, Sabah said the cartel was keenly watching oil prices after they recently hovered around the top of OPEC’s price target range, prompting some calls to hike supply.—Reuters

Opinion

Editorial

Doctor attacked
09 Jun, 2026

Doctor attacked

AN act of reprehensible violence has shaken the medical community. On Saturday, an employee of the Provincial Civil...
AJK flare-up
Updated 09 Jun, 2026

AJK flare-up

The situation started deteriorating after a trader affiliated with the JAAC was reportedly shot in an altercation with law-enforcers.
Fault lines
09 Jun, 2026

Fault lines

THE April 8 ceasefire that halted hostilities between Israel and Iran has encountered its most serious test yet....
Soft on traders
08 Jun, 2026

Soft on traders

THE Fixed Tax Asaan Scheme for traders with an annual turnover of up to Rs200m has been designed as a ‘pragmatic...
Ceasefire in name
Updated 08 Jun, 2026

Ceasefire in name

Both sides accuse the other of violating the truce that was supposed to halt the conflict in April, yet neither appears willing to abandon negotiations altogether.
Damaged childhoods
08 Jun, 2026

Damaged childhoods

CHILD abuse is so prevalent that the UN ranked Pakistan as the least safe country for children. Even so, more than...