Mubasher: The Kuwaiti oil minister has expressed his support for the extension of OPEC+ oil output cut agreement, according to Reuters.

The GCC country was committed to the supply reduction agreement, Khaled Al Fadhel said.

Earlier in June, the Organization of the Petroleum Exporting Countries (OPEC) announced that its members and allies would hold their meeting on 1 and 2 July.

Oil production from OPEC dropped by 236,000 bpd to 29.87 million bpd last May, in May, hitting its lowest level for five years.