Global oil demand looks robust in a balanced market this year, Shaikh Nawaf Al-Sabah, chief executive of Kuwait’s state oil firm Kuwait Petroleum Corporation (KPC), told Bloomberg in an interview published on Thursday. “From my perspective I think it remains a healthy market on the demand side,” the executive said, noting that rising U.S. shale production has helped meet part of the recent growth in world oil consumption. Kuwait, one of the biggest producers in the Middle East and OPEC, is part of the several OPEC+…
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