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Kuwait Oil Giant Says OPEC+ Supply Hikes Suggest Tighter Market

Kuwait Oil Giant Says OPEC+ Supply Hikes Suggest Tighter Market

Bloomberg09-07-2025
Kuwait's state energy company said OPEC+'s latest super-sized supply hike and recent interactions with customers suggest persistent demand growth beyond the summer driving season.
'We're seeing some potential tightness in the market, which gives us an opportunity to capture market share in the future,' Sheikh Nawaf Al-Sabah, chief executive officer of Kuwait Petroleum Corp., told Bloomberg TV in an interview on the sidelines of the Organization of Petroleum Exporting Countries seminar in Vienna.
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