Meanwhile, Iran and the United States traded blame for who was responsible for rattling oil markets in their row over Tehran's nuclear programme.
"As Kuwait, we support bringing the two million back to the market. Whenever there will be a call, the two million will be available," Kuwait's Oil Minister Sheikh Ahmed Fahd al-Sabah told reporters as he arrived in Doha for the 10th International Energy Forum.
The powerful 11-member OPEC cartel, which includes Kuwait, will hold informal talks on the sidelines of the Doha conference after oil prices reached a record high of 75 dollars a barrel.
OPEC last made the standby oil output available in September in the aftermath of Hurricane Katrina, which devastated the US Gulf coast, and then suspended it three months later.
Sheikh Ahmed said he would propose making it available this time until June.
“At least I am trying to help the market," he said, adding that it would not make sense to increase OPEC quotas since most members were producing close to their maximum capacity. We can't go for something that is not logical," he said.
The Kuwaiti minister said oil prices were being driven among other factors by low spare capacity in the United States, the world's largest consumer, as well as what he termed "tension in the GCC (Gulf Cooperation Council) and Iran and the geopolitics problem."
He was referring to mounting worries in the Gulf in connection to Iran's standoff with the international community over its nuclear program. Almost 20 percent of the world's daily oil supplies come from the Gulf.
The West, led by Washington, has accused Iran of pursuing a nuclear weapons programme while Tehran insists its intentions are peaceful. The UN Security Council has given Iran until Friday to halt enrichment activity.