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Kuwait Says Will Have To Live With Oil At $60, $80 Or $100

Kuwait Says Will Have To Live With Oil At $60, $80 Or $100

Kuwait’s stand comes as Gulf OPEC members reached a consensus to not cut output to stem oil price fall.

Kuwait’s oil minister said on Wednesday the OPEC member will have to accept any market price of oil whether it is $60, $80 or $100 a barrel.

“We have to live either with $80 or with $60 or with $100,” Ali Saleh al-Omair told reporters a day before an OPEC meeting will debate how to tackle oil prices that have fallen by a third since June to below $80 per barrel.

OPEC Gulf oil producers have reached a consensus not to cut oil output when OPEC meets on Thursday, a Gulf OPEC delegate told Reuters.

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