OPEC likely to maintain current output

OPEC’s president Sheikh Ahmed Fahd al-Sabah said on Wednesday that the oil producing cartel will most likely maintain current output levels at its next meeting set for June 15 in Vienna.

“I started consulting with some of my colleagues. I think the situation is that we will continue to maintain our production (levels) now,” Sheikh Ahmed, who is also Kuwait’s energy minister, told reporters in parliament.

“And this will be… unless there is something unexpected in our meeting in June,” he added.

Times of Oman