CAIRO, Dec 3 (Reuters) - Kuwait oil ministry said on
Thursday that it suggested to the OPEC+ group, alongside Algeria
and Azerbaijan, to gradually increase oil production with not
more than 500,000 barrels per day (bpd) starting from January
2021, and that its suggestion gained full backing from the 23
OPEC+ countries, state news agency KUNA reported.
The suggestion also included extension of compensation
period for non-compliance with production quotas to the first
quarter of the next year, the statement from the oil ministry
received by KUNA said.