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Kuwait says high oil price not justified

Kuwait's oil minister believes current world oil prices are not justified, adding that the Gulf state's current production rate will not affect its level of strategic reserves.

Justification: Oil Minister Hani Hussein believes current oil prices are not justified under the supply and demand theory
Justification: Oil Minister Hani Hussein believes current oil prices are not justified under the supply and demand theory
  • News Wires
Published 12 March 2012, 03:11Updated 6 October 2016, 10:49
Middle EastNorth Africa