Kuwait to maintain oil production at 2.676 million barrels per day in October

Oil Minister Tariq Al-Roumi affirmed on Sunday that the current phase requires maintaining a high level of flexibility to deal with any variables that may arise in the oil market, noting that producing countries have the capacity to adjust their production levels in line with developments in the oil market once transportation activities return to normal.

This came in a statement by the Ministry of Oil following Minister Al-Roumi’s chairing of the Kuwaiti delegation participating in the meeting of the seven countries involved in the agreement to withdraw from voluntary production cuts within the OPEC+ alliance, which was held via video conferencing technology.

Al-Roumi stated that the meeting is part of the monthly follow-up on developments in the global oil market and the assessment of supply and demand trends, alongside studying the economic indicators that contribute to forming a clear vision of market conditions and needs in the coming phase.

He praised the decision by the seven participating countries to maintain the required production levels (allocated production quotas) for October 2026 at the same levels set for September 2026, clarifying that Kuwait’s production in October will continue at 2.676 million barrels per day.

He highlighted the pivotal role played by OPEC and the OPEC+ alliance in enhancing energy security and supporting the stability of global oil markets, pointing out Kuwait’s continued commitment to collective action and close coordination within the alliance, which contributes to achieving balance in global markets, serving the interests of producers and consumers, and supporting global economic growth.

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