Kuwait Cutting Oil Output Ahead of Schedule, Minister Says

Kuwait Cutting Oil Output Ahead of Schedule, Minister Says

Producer is first in Gulf to announce it's cutting before May. The fourth-biggest member of OPEC " felt responsibility to respond to market conditions " and acted on its own, Oil Minister Khaled Al-Fadhel said, according to the official Kuwait News Agency.. Kuwait made a "sovereign" decision and wasn't pressured to reduce output early, Al-Fadhel said.. Media officials at Saudi Aramco, the kingdom's state-run producer, declined to comment when asked on Wednesday whether the company planned to reduce output before May 1..