Oil Minister: Boosting output aligns with balanced exit plan
Kuwait's Minister of Oil, Tareq Al-Rumei, affirmed that the increase in oil production in July 2026 by 188,000 barrels per day, bringing the total to 2.644 million barrels per day, is part of a gradual and balanced process of exiting the voluntary reduction agreement. This step aims to support the stability of the global oil market and strengthen supply security. He also noted that joint ministerial meetings and their decisions focus on balancing the interests of producers and consumers, as well as ensuring market stability in the long term.
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