Kuwaiti newspaper Al-Rai reported the statement It cited Al-Fadhil saying “current oil prices are good for producers and consumers” CAIRO: Kuwait’s Oil Minister Khalid Al-Fadhil said current oil prices are good for producers and consumers, Kuwaiti newspaper Al-Rai reported on Sunday. Al Rai cited Al-Fadhil saying “current oil prices are good for producers and consumers, as consumer countries see that a price between $60-70 is a good price for everyone.”