Oil Prices Rebound

Oil Prices Rebound Oil Prices Rebound

The drop in shale oil production triggered rebound of prices, KUNA quoted Kuwaiti Oil Minister Ali Al-Omair as saying. Asked about OPEC's last decision to maintain its output, Al-Omair said the decision "was not a hostile resolution but balanced." The minister said oil prices' decline required collective responsibility of all oil producing countries, whether from OPEC and non-OPEC.