Kuwait’s OilMin expects Brent oil to stay between $50 and $55 through end-year

Al Rai, Jordan’s Arabic newspaper, reports comments from the Kuwait Oil Minister on the OPEC output cut deal and oil-price outlook.

Key Points:

OPEC’s strategy is on the right track

Expects Brent oil price to stay between $50 and $55 through end-year

It will become clear in November if output cut deal needs to be extended further or phased out