Kuwait supports OPEC+ plan to increase oil output

Arab World Materials 1 November 2021 13:07 (UTC +04:00)

Kuwait supports the plan to increase global oil supply which has been already agreed by OPEC+, the group formed by the Organisation of Petroleum Exporting Countries and its allies, the Gulf nation's oil minister Mohammad Abdulatif al-Fares said on Monday, Trend reports with reference to Reuters.

The plan, which provides for a monthly increase of 400,000 barrels per day, ensures adequate crude supply to balance the global market, he said.