Saleh confirmed that Kuwait was going to participate in the 15th International Energy Forum to be held in September.
"I will participate in this important meeting… We believe that the meeting is a good opportunity to carry out meaningful dialogue and trace the development of the situation on the market with a view to finding common ground to help stabilize the markets," the official said, when asked about the possibility of reaching a deal to freeze oil outputs in order to stabilize the markets.
Global oversupply and stagnating demand have caused oil prices to plunge from $115 per barrel in June 2014 to less than $30 per barrel in January 2016. Prices recovered amid Nigeria and Venezuela's output outages and growing demand in May, peaking at over $50 per barrel in early June.
The 15th International Energy Forum is set to be held in the Algerian capital on September 26-28. Ministers, senior officials, CEOs, international organizations and experts from 73 countries are set to attend the forum.
