Kuwait city: Kuwaiti Minister of Oil Tareq Al-Roumi participated in the ministerial meeting of the eight countries involved in the voluntary oil production reduction agreement within the OPEC+ framework, which was held via video conference on Sunday. The Kuwaiti official delegation included the Governor of the State of Kuwait to OPEC, Muhammad Al-Shatti, and the national representative of the State of Kuwait to OPEC, Sheikh Abdullah Sabah Salem Al-Humoud Al-Sabah.
According to Kuwait News Agency, the minister confirmed that the meeting aimed to enhance the stability of the oil market. He noted that, based on market data regarding positive market fundamentals and the stability of global economic performance indicators, the eight participating countries agreed to adjust production by increasing it by 137,000 barrels per day for November 2025. This is part of a total of 1.65 million barrels per day from previously announced additional voluntary adjustments in April 2023.
Kuwaiti oil production for November 2025 will be set at 2.569 million barrels per day. The minister emphasized Kuwait's commitment to consensus decisions that support the stability and recovery of the global economy and market balance. The next meeting of the eight countries is scheduled for November 2, 2025.