OPEC member Kuwait does not expect any coordinated action to be decided during the group’s upcoming meeting in Vienna on June 2, the country’s acting oil minister said on Thursday. The “focus of the meeting will be to think and look around … about what could be done further to stabilize the markets,” Anas al-Saleh, told Reuters in Tokyo, Japan, on the sidelines of a Kuwait-Japan business seminar. An earlier plan to agree on measures to stabilize soaring oil production that pulled down crude prices LCOc1 by more than 70 percent between mid-2014 and early 2016 failed during producer talks in Qatar’s capital Doha in April. At the April meeting, OPEC rivals Saudi Arabia and Iran could not agree on deal terms, triggering criticism that the producers’ […]