Kuwait reaffirms commitment to OPEC+ oil output cuts for market stability
Oil Minister Tariq Al-Roumi, in a statement issued today, reaffirmed Kuwait’s full support for the collective efforts of OPEC+ alliance to enhance stability in the global oil market.
His remarks came after chairing Kuwait’s delegation in a virtual ministerial meeting involving eight countries committed to voluntary oil production cuts within the OPEC+ framework, reports Al-Jarida daily.
Minister Al-Roumi emphasized that the meeting serves as a continuation of collaborative action to support balanced oil markets, especially in light of recovering market fundamentals and improving global economic prospects.
During the meeting, it was agreed to implement an additional production adjustment of 548,000 barrels per day in August 2025. This figure represents four incremental increases applied in a flexible and phased manner.
Al-Roumi highlighted that this strategy reflects a disciplined and calculated approach to managing output amid ongoing market volatility.
He praised the commitment of participating countries to adhering to the agreed-upon adjustments, underscoring that such unity fosters long-term market stability, strengthens investor confidence, and supports sustained economic growth worldwide.
The meeting also showcased the alliance’s proactive and adaptive strategy, reflecting a shared understanding among member nations of the need for responsive production management.
Kuwait’s delegation to the meeting included Kuwait’s Governor to OPEC, Mohammed Al-Shatti, and National Representative to OPEC, Sheikh Abdullah Sabah Al-Salem.
