Kuwait to voluntarily cut oil output by 135,000 bpd in Q1 - state news agency

Kuwait will voluntarily cut its oil output by 135,000 barrels per day for three months starting Jan. 1, Kuwait's state news agency KUNA said on Thursday citing the oil minister.

Kuwait's oil production will be 2.413 million bpd to the end of March 2024, said the minister, Saad Al Barrak. He said the cut was aimed at market stability and was on top of a 128,000 bpd voluntary cut announced in April, KUNA said.