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KPC sees oil prices at $65 for next 6-7 months

KPC sees oil prices at $65 for next 6-7 months

Kuwait Petroleum Corporation Chief Executive Nizar Al Adsani said oil prices are likely to remain around $65 a barrel for the next six to seven months.


Al Adsani believes that oil prices will stay at these levels, until world economic recovery is clear or if there were any political crises or Opec changed its production policy, reported Reuters.


The head of Kuwait’s state oil company said Opec member Kuwait’s oil production is around 2.9 million barrels a day (bpd) of crude.