KUWAIT: Kuwait’s oil minister said talks with countries attending an OPEC+ meeting are intended to move toward reaching an agreement to reduce production by 10 million-15 million barrels per day, Kuwait’s Al-Rai newspaper reported early on Thursday.
Minister Khaled Al-Fadhel said in an interview with the newspaper: “Through our continuous consultations the past weeks, I affirm that the intention is moving toward reaching an agreement to reduce production by a large amount ranging between 10-15 million barrels per day out of a production of 100 million barrels globally, to restore balance to markets and prevent further decline in prices during the coming period,” Al-Rai reported.
OPEC and its allies will meet on Thursday to discuss a sharp fall in global crude oil prices.
Intention at OPEC+ meeting to reduce output by 10m-15m bpd: Kuwait oil minister
https://arab.news/wdad4
Intention at OPEC+ meeting to reduce output by 10m-15m bpd: Kuwait oil minister
- OPEC and its allies will meet today, April 9, to discuss a sharp fall in global crude oil prices
DP World announces new leadership appointments
DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.
Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.
Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.
Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.
DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.
