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This decision continues the group's strategy, initiated in April, of gradually boosting output following years of reductions aimed at stabilising the oil market.The minister noted that OPEC+ decisions are based on market developments and "accordingly, the decision to increase production can be paused or reversed".He also said that the flexibility in decision-making allows for a swift response to market conditions, as OPEC+ meetings are held monthly.This adaptability is crucial for maintaining balance in the oil market.Minister Al-Roumi expressed optimism about achieving market balance, noting that OPEC+'s April decision to enhance output has already had a positive impact on supply and demand.The International Energy Agency (IEA) anticipates global oil consumption will grow by 740,000bpd in 2025 and by a further 700,000bpd next year.OPEC projects higher demand growth, estimating an increase of 1.3mbbl/d this year and 1.4mbbl/d next year.Al-Roumi added that global oil demand is recovering, while crude inventories have dropped below the five-year average."Kuwait oil production capacity at highest level in more than a decade " was originally created and published by Offshore Technology, a GlobalData owned brand. 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