DUBAI, March 31 (Reuters) - Kuwait's Oil Minister Oil
Mohammad Abdulatif al-Fares expressed "cautious optimism" on
Wednesday that the global oil demand will improve as COVID-19
vaccination programs gather pace and industrial output recovers.
Speaking ahead of a joint meeting of the Organization of
Petroleum Exporting Countries and other major oil producers, he
said the market supply/demand balance has largely improved as
result of output cuts implemented by the group known as OPEC+,
according to state news agency KUNA.
He called on the group to the fully comply with these cuts.