67 Days
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الراي
Kuwait Advocates Production Coordination
Kuwait's Oil Minister, Tareq Al-Roum, emphasized that Kuwait believes in the importance of consultation and coordination among producing countries to address changes in energy markets. He made this statement while leading Kuwait's delegation at the meeting of the seven countries participating in the oil production cut agreement. During the meeting, it was agreed to increase production by 188,000 barrels per day in August 2026, bringing Kuwait's total production to 2.660 million barrels per day. This meeting is part of ongoing efforts to promote market stability and achieve a balance between supply and demand in the global oil markets.
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