57 Days
Source:
الاقتصادية
Kuwait boosts July oil output to 2M bpd
Kuwait increased its oil production to approximately two million barrels per day by July 2026, compared to 1.65 million barrels in June. This comes after a recovery in oil exports and improved navigation through the Strait of Hormuz. This is part of Kuwait’s commitment to the OPEC+ policies, which aim to raise production quotas by around 188,000 barrels per day starting from September 2026, in order to restore market balance and stabilize global oil supplies. Kuwait is the fifth-largest producer within OPEC and possesses oil reserves of 101.5 billion barrels, with plans to increase its production capacity to 4 million barrels per day by 2035.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)