FILE PHOTO: A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic
DUBAI: Kuwait’s state energy company says customers are reluctant to increase oil imports next year, signalling that the market is being suppressed by global economic weakness.
“We’re really nervous about where demand is going over the next few months and next year, especially if there is a recession,” Sheikh Nawaf Al-Sabah, chief executive officer of Kuwait Petroleum Corp, told Bloomberg TV.
