Al-Roumi: Kuwait to Maintain Production at 2.676 Million Barrels Per Day in December 2026

Oil Minister Tariq Al-Romaiyan announced that the seven countries participating in the voluntary production cuts within the OPEC+ alliance have decided to maintain their targeted production levels for December 2026 at the levels set for September 2026.

In a statement issued by the Ministry of Oil, Al-Romaiyan said the decision means that Kuwait’s targeted production for December 2026 will continue at 2.676 million barrels per day.

He added that the meeting comes as part of the periodic monitoring of developments in the global oil market and the assessment of supply and demand trends and related economic indicators, which contribute to forecasting market conditions and needs in the coming period.

He noted that the current stage requires a high degree of flexibility in dealing with potential market changes, emphasizing that producing countries have the capacity to adjust production levels in line with market developments and the requirements of balancing supply and demand.

He reaffirmed Kuwait’s commitment to cooperation and collective action within the OPEC+ alliance, explaining that continued coordination among participating countries enhances the effectiveness of joint decisions and supports the stability of the global oil market in the long term.

The Kuwaiti delegation participating in the meeting included Kuwait’s Governor to the Organization of the Petroleum Exporting Countries (OPEC), Mohammed Al-Shatti, and Kuwait’s National Representative to OPEC, Sheikh Abdullah Sabah Al-Salem Al-Sabah.

Earlier today, the seven countries participating in the additional voluntary production cuts within the OPEC+ alliance—Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman—confirmed during a meeting held via video conferencing their shared commitment to stabilizing global oil markets and enhancing the balance between supply and demand.