Kuwait joins Saudis, Russia to seek oil cuts extension until March 2018 - BBG

Kuwait’s oil minister Issam Almarzooq said in an emailed statement on Tuesday, Kuwait joins Saudi Arabia and Russia in supporting an extension of oil output cuts by OPEC and non-OPEC producers until March 2018, Bloomberg reports.

Almarzoog noted: “Extending the cuts at already agreed-upon volumes is needed to reach the goal of trimming global stockpiles to the five-year average.”