Kuwait Praises OPEC+ Decision to Raise Oil Output for September

Kuwait praises OPEC+ decision to raise oil output for September. The decision aims to increase oil production to meet growing demand.

Kuwait has expressed satisfaction with OPEC+'s decision to raise oil output for September, aiming to meet growing global demand. The decision, agreed upon by eight OPEC+ members, will increase oil production by 547,000 barrels per day (bpd) in September [1].

The move marks a significant reversal of the group's largest tranche of output cuts, which had been in place to support oil prices. OPEC+ has been steadily increasing production since April, with hikes of 138,000 bpd in April, 411,000 bpd in May, 411,000 bpd in June, 548,000 bpd in July, and now 547,000 bpd in August [2].

The decision comes amid increasing U.S. pressure on India to halt Russian oil purchases, part of Washington's efforts to bring Moscow to the negotiating table for a peace deal with Ukraine. This pressure has also led to fresh EU sanctions, pushing Indian state refiners to suspend Russian oil purchases [1].

OPEC+ cited a healthy economy and low stocks as reasons behind the decision to raise output. Despite the increases, oil prices have remained elevated, with Brent crude closing near $70 a barrel on Friday, up from a 2025 low of near $58 in April [2].

The eight OPEC+ members are scheduled to meet again on September 7 to consider reinstating another layer of output cuts totalling around 1.65 million bpd. These cuts are currently in place until the end of 2026 [2].

The decision to increase oil production aims to regain market share and meet growing demand, with analysts noting that the market has been able to absorb the additional barrels due to stockpiling activity in China [2].

References:
[1] https://www.reuters.com/business/energy/opec-agrees-principle-another-large-oil-output-hike-sources-say-2025-08-03/
[2] https://www.cnbc.com/2025/08/03/opec-makes-another-large-oil-output-hike-in-market-share-push-.html