Kuwait Petroleum Corporation head Faruk al-Zanki told state news agency KUNA on 31 May that “Kuwait is satisfied with oil prices in the region of $100/B...as this is acceptable to both producing and consuming countries.” He added that Kuwait’s crude production was steady at about 3mn b/d out of a total production capacity of 3.2mn b/d. Mr Zanki said tensions surrounding Iran’s nuclear program and economic uncertainty in Europe were two of the factors driving oil price fluctuations.