OPEC: Kuwait Increased Oil Production by 880,000 Barrels per Day in June
OPEC's organization increased Kuwait's oil production in June 2026 to 1.45 million barrels per day, marking its highest level since February 2026, following an increase of 880,000 barrels per day compared to May. As a result, Kuwait moved down from ninth to sixth place among OPEC countries in terms of production volume. Meanwhile, OPEC's total oil production in June exceeded 22 million barrels per day, an increase of 3.05 million barrels compared to May. Additionally, OPEC revised downward its global oil demand growth forecast for 2026 by 190,000 barrels per day, while raising its forecast for 2027 to 1.9 million barrels per day.
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