KPC CEO: OPEC+ Oil Supply Hikes Suggest Tighter Market

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Kuwait Petroleum Corp. Chief Executive Officer Sheikh Nawaf Al-Sabah says the latest oil supply hike from OPEC+ as well as interactions with customers suggest that "demand growth is persistent." Speaking to Bloomberg's Joumanna Bercetche from the sidelines of the Organization of Petroleum Exporting Countries seminar in Vienna, Austria, Sheikh Nawaf says the market is seeing "some potential tightness."

00:00 - OPEC+ decision to increase oil production, KPC capacity to supply market
02:40 - Demand for oil in Asia, Europe, US
03:18 - KPC supply agreements with customers
04:06 - What keeps KPC competitive
04:52 - Geopolitical risks on oil market, threats to Strait of Hormuz
06:51 - Kuwait, KPC's refining capacity expansion
08:12 - LNG production, ambitions
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