Kuwait’s Oil Minister has announced that it is not the right time for Opec to boost oil production.

Sheikh Ahmad al-Abdullah al-Sabah gave a straight “no” to reporters at parliament when asked if it was time for Opec to raise output.

Opec agreed cuts of 4.2 million barrels per day to supply last year to match the fall in global oil demand.

Last month members delivered about 75% of those cuts.