KUWAIT - Kuwait sees consensus among fellow members of OPEC to keep the group's oil output levels unchanged in a meeting later this month, the Gulf Arab state's oil minister said on Thursday.
Sheikh Ahmad al-Abdullah al-Sabah, questioned about current inventory levels, told reporters: "Of course I am concerned."
U.S. government data showed crude stocks rose 2.1 million barrels last week, topping the forecast for a 400,000 barrel rise in a Reuters poll.
Asked about his country's position at the next meeting of the Organization of the Petroleum Exporting Countries, Sheikh Ahmad said: "No change," adding that he "believed" there was consensus within the oil club on keeping current output targets.
OPEC meets to consider oil output policy on Dec. 22 in Luanda, Angola, with the world well-supplied and demand weak in key nations.
As prices have risen, OPEC members have increasingly exceeded supply curbs that were imposed when prices plummeted last autumn and early this year.
The group of countries that pump more than a third of the world's oil has kept its production target unchanged at meetings held earlier this year.
Source:maktoob.com/
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