Kuwait welcomes Saudi, Venezuelan, Mexican recommendation to boost oil production

March 2 move characterized by Sheik Saud Al Sabah as step in unifying positions of OPEC, non-OPEC countries

by The Associated Press

Kuwait’s oil minister welcomed a recommendation by three major oil producers for a production boost in an effort to ease global oil prices from their highest levels in nine years. Sheik Saud Al Sabah said in a statement that the position of Saudi Arabia, Venezuela and Mexico was a “step in the righ....