Kuwait's crown prince, oil min to visit Saudi Arabia

Kuwait's crown prince Sheikh Meshal al-Ahmad will lead a delegation, which includes the oil and foreign ministers, on an official visit to neighbouring Saudi Arabia on Tuesday, state media reported.

The visit comes amid a separate meeting of the Organization of the Petroleum Exporting Countries and their allies including Russia on Tuesday.

OPEC+ is expected to stay the course on its plans to gradually ease supply cuts until July.

Kuwait and Saudi Arabia, which share oilfields in a neutral zone on the boundary of the two countries, last year began production at one of the fields after a five-year hiatus.

As OPEC and its allies prepare to roll back production quotas in May, the Neutral Zone shared between Kuwait and Saudi Arabia stands ready to provide a significant source of the two countries' additional output.

The zone is capable of pumping near to its previous maximum levels of about 500,000 b/d, but has largely been curtailed by the OPEC+ agreement. That could change, though some lingering sovereignty and fiscal still needs to be resolved, sources told S&P Global Platts.