Kuwait city: Kuwaiti Minister of Oil Tareq Al-Roumi affirmed on Sunday that Kuwait remains committed to supporting joint efforts aimed at promoting the recovery of the global economy and achieving balance in the oil market. This commitment was emphasized during a statement issued by the Ministry of Oil after Al-Roumi's participation in a virtual meeting with eight countries involved in the agreement on the gradual exit from voluntary oil production cuts under the OPEC+ framework.
According to Kuwait News Agency, Al-Roumi highlighted that the collaboration within the OPEC+ alliance is crucial for reinforcing the stability of energy markets. The meeting was part of ongoing coordination among the participating countries to closely monitor developments in the oil market on a monthly basis, thereby enhancing market stability and ensuring supply security.
Al-Roumi praised the decision of the eight countries to maintain production rates for February and March 2026. He noted that since December, Kuwait's production rate has been 2.580 million barrels per day. Furthermore, he announced that the next meeting is scheduled for Sunday, February 1, 2026.
The Kuwaiti delegation at the meeting included, along with Minister Al-Roumi, Kuwait's Governor to OPEC Mohammad Al-Shatti and Kuwait's National Representative to OPEC Sheikh Abdullah Sabah Salem Al-Humoud Al-Sabah.