Kuwait supports OPEC+ decisions that help maintain stability in crude markets, particularly in light of the negative repercussions from the pandemic, the country’s oil minister said Jan. 4, as ministers from the coalition were set to meet virtually to discuss February oil production levels. Mohammed al-Fares cautioned about the impact of the second COVID-19 wave on oil markets, but voiced optimism for a gradual crude demand recovery in the second half of 2021 with the roll-out of vaccines, the state-owned Kuna news agency reported, citing an oil ministry statement. Fares was appointed oil, electricity and water minister in December. OPEC+ ministers will meet virtually on Jan. 4 to set crude production levels for […]