Kepler: Kuwait's Oil Rebounds Quickly
Celerity expects Kuwait to resume increasing oil production at a faster pace than previously anticipated, with output rising from 950,000 barrels per day in June to 2.4 million barrels in August, approaching pre-war levels of 2.74 million barrels. The company noted that most Kuwaiti fields are capable of returning to production within a short period, and that oil inventories, which constitute about 50% of capacity, provide flexibility for rapid increases in production. Additionally, the company foresees most Gulf countries, especially Saudi Arabia and the United Arab Emirates, recovering to pre-war levels within weeks to two months, supported by a 16% increase in exports during the first half of July.
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