Kuwait yields 1.65M barrels daily
Kuwait's oil production increased in June to approximately 1.65 million barrels per day compared to 580,000 barrels in May, reaching a peak of 1.9 million barrels during the last ten days of the month after oil flows through the Strait of Hormuz resumed. The rise came as Kuwait gradually restored its export operations and Gulf oil flows improved following disruptions related to the war with Iran, which had previously led to a reduction in production from around 2.5 million barrels per day. This recovery coincided with a decline in global oil prices, which have now traded near their lowest levels since late February.
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