Kuwait`s oil minister Essam al-Marzouq said on Saturday that compliance with oil production cuts by OPEC and non-OPEC countries is good and that deeper cuts are possible.
Asked about the possibility of further cuts to support the price of crude, the minister said: "Everything is open."
Ministers from the Organization of the Petroleum Exporting Countries (OPEC) and other non-OPEC producers will meet in the Russian city of St Petersburg on Monday to discuss the pact on cuts, which was reached earlier this year.
Marzouq also told reporters that a technical committee of OPEC and non-OPEC countries had heard and was happy with reports from Libya and Nigeria, and that discussions would continue on Monday.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)