English
العربية
Français
Deutsch
Español
русский
हिंदी
اردو
LoginKuwait Reaffirms Commitment to OPEC, OPEC+ Efforts to Maintain Oil Market Balance
Kuwait City, May 03 (QNA) - Kuwait has reaffirmed its commitment to working within the Organization of the Petroleum Exporting Countries and OPEC+ frameworks to help maintain balance in global oil markets.
Oil Minister Tareq Al Roumi made the remarks while heading Kuwait's delegation to a virtual meeting of countries participating in the agreement to unwind voluntary production cuts, Kuwait's oil Ministry said in a statement on Sunday.
He said the meeting formed part of regular monthly consultations to review oil market developments and support supply security.
Al Roumi added that the meeting follows the implementation of a decision to gradually unwind voluntary output cuts and increase overall production in line with market needs. The planned increase for June 2026 will be 188,000 barrels per day.
Kuwait's production for June 2026 is expected to reach 2.628 million barrels per day, in line with its agreed quota, he said.
He stressed that Kuwait, as a founding member of OPEC, remains firmly committed to strengthening cooperation and coordination among oil-producing countries within OPEC and the OPEC+ alliance, which currently comprises 21 countries. (QNA)
chat
Hello! How can we help?
Beta
