The move will be able to increase oil stocks and help cope with growing oil demand later this year, he said.
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OPEC Considers Increase In May: Cartel Chief
OPEC may raise oil output by 500,000 barrels per day in May
OPEC may raise oil output by 500,000 barrels per day in May, OPEC President and Kuwaiti Energy Minister Sheikh Ahmad Fahd al-Sabah said here Monday.
Despite recent declines in oil prices, the minister told reporters after a parliamentary session here that he believed OPEC will increase output by half a million bpd in May.
The move will be able to increase oil stocks and help cope with growing oil demand later this year, he said.
The move will be able to increase oil stocks and help cope with growing oil demand later this year, he said.
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