KUWAIT (Reuters) -Kuwait’s Oil Minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply, demand trends, and U.S. President Donald Trump’s recent remarks on Russian oil.<\/p>\n
“Through OPEC, we are monitoring the market in terms of supply and demand, and we are monitoring the U.S. President\u2019s statements,” Al-Roumi told reporters, adding that he expects oil prices to be below $72 per barrel.<\/p>\n
The minister described the market as healthy, with demand growing at a moderate pace.<\/p>\n
Oil prices slid about 1% to an eight-week low on Wednesday after U.S. President Donald Trump’s remarks about progress in talks with Moscow created uncertainty over whether the U.S. would impose further sanctions on Russia.<\/p>\n
Trump has threatened additional sanctions on Moscow if no moves are made to end the war in Ukraine.<\/p>\n
Washington imposed on Wednesday an additional 25% tariff on Indian goods, citing New Delhi’s continued imports of Russian oil.<\/p>\n
(Reporting by Ahmed Hagagy, Writing by Ahmed ElimamEditing by Louise Heavens)<\/p>\n","protected":false},"excerpt":{"rendered":"KUWAIT (Reuters) -Kuwait’s Oil Minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply,…\n","protected":false},"author":2,"featured_media":50240,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[84,467,56,54,55],"class_list":{"0":"post-50239","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-uk","11":"tag-united-kingdom","12":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/50239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=50239"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/50239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/50240"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=50239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=50239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=50239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}