OPEC+ output decision fulfills global demand for crude: Kuwaiti oil minister

Kuwait's oil minister Mohamed al-Fares said on Thursday a decision by OPEC+ to stick to its existing plan for oil output increases met rising global demand for crude, Kuwait's state news agency reported.

Al-Fares also said that Kuwait's oil production will rise to 2.811 million barrels per day in August under the plan agreed by the group of oil producers.

OPEC+ decided at its last gathering on June 2 to increase output each month by 648,000 barrels per day (bpd) in July and August, up from a previous plan to add 432,000 bpd per month.

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