Kuwait says OPEC may raise output, if oil hits $100

Wednesday, June 10, 2009 at 6:44 pm

KUWAIT: OPEC might raise production in September, if oil prices rise to $100 a barrel, but will not act, if they are at $75, Kuwait”s oil minister said on Wednesday.

“Seventy-five dollars … (OPEC) will not increase output… but if it reached $100, then may be,” Sheikh Ahmadal-Abdullah al-Sabah told reporters at parliament.