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Balance in global oil markets takes precedence over the crude price, Kuwait's new oil minister said on Sunday.
Asked whether 100 dollars a barrel was a good price for oil, Ali al-Omair told reporters at a reception: "The issue of balance comes before the issue of price."
Omair, who was appointed last week, said OPEC member Kuwait targets 3.5 million barrels per day capacity by 2015.
Kuwait's OPEC governor said the current imbalance stemmed from several factors and not just an economic slowdown in China
Ali Saleh al-Omair predicts gains in the final quarter of 2015 on the back of global growth
Omair said the current market surplus was less than 1.8 million barrels per day.
The current price fall affects Kuwait and other oil-producing countries, KUNA said, citing Ali al-Omair as telling parliament.