Kuwait’s Crude Oil Output Climbs 184.5%
Kuwait Sharply Boosts Crude Production in June After US–Iran Deal, Source Says
Kuwait's crude oil output surged 184.5% month on month to 1.65 million barrels per day in June 2026 as the Gulf producer ramped up exports following the US–Iran interim peace accord and the gradual reopening of the Strait of Hormuz.
What Readers Should Know
- Kuwait's crude output rose 184.5% month on month to 1.65 million bpd in June 2026, according to a source familiar with the matter cited by Reuters on June 30.
- Daily output climbed to as high as 1.9 million bpd in the final ten days of June.
- Kuwait had been producing around 2.5 million bpd before Iran effectively shut the Strait of Hormuz in late February.
- Kuwait Petroleum Corporation confirmed on June 18 that all force majeure notices issued during the war had been lifted.
- Unlike Saudi Arabia and the UAE, Kuwait depends almost entirely on the Strait of Hormuz for crude exports, making it one of the Gulf's hardest-hit producers during the disruption.
- Oil prices extended losses on July 2 following the Reuters report, with crude at its weakest levels since before the Iran war.
MONTREAL (Oil Monster): Kuwait's crude oil output surged 184.5% month on month, reaching 1.65 million barrels per day in June 2026, a source familiar with the matter said on June 30, as the OPEC member stepped up Gulf exports following the US–Iran interim peace accord, according to Reuters.
The surge in Kuwaiti output underscores a swift recovery in Gulf crude flows through the Strait of Hormuz after war-related disruption, with stranded cargoes gradually moving out and exporters ramping up production.
Output Before and After the Hormuz Shutdown
Kuwait had been pumping around 2.5 million bpd before Iran effectively shut the Strait of Hormuz in late February in retaliation for US and Israeli strikes, a move that forced Kuwait and fellow Gulf producers such as Saudi Arabia and Iraq to slash millions of barrels per day of output.
Daily output climbed to as much as 1.9 million bpd in the final ten days of June, the source added, declining to be named.
Oil Prices Extend Losses on Production Recovery News
Oil prices extended losses on July 2 after the Reuters report, with crude already trading at its weakest levels since late February, just before the war erupted.
Force Majeure Notices Lifted, Cargo Tenders Issued
A spokesperson for state-owned Kuwait Petroleum Corporation did not immediately respond to a Reuters request for comment. On June 18, the company said all force majeure notices issued during the war had been lifted, and a tender document the following day showed it was offering cargoes to buyers.
Why Kuwait Was Hit Harder Than Saudi Arabia and the UAE
Kuwait was among the Gulf's hardest-hit producers during the Iran war, as the effective halt of flows through the Strait of Hormuz crippled its exports.
Unlike Saudi Arabia and the United Arab Emirates, which can tap export routes beyond the Strait of Hormuz, Kuwait depends almost entirely on the waterway for crude shipments, leaving it effectively cut off from key Asian markets during the disruption.
Frequently Asked Questions — Kuwait Crude Oil Production Recovery
How much did Kuwait's crude oil output increase in June 2026?
Kuwait's crude oil output surged 184.5% month on month to 1.65 million barrels per day in June 2026, according to a source cited by Reuters.
What was Kuwait's crude production before the Strait of Hormuz was closed?
Kuwait had been pumping around 2.5 million barrels per day before Iran effectively shut the Strait of Hormuz in late February 2026.
Why did Kuwait's oil exports fall more sharply than those of Saudi Arabia or the UAE?
Unlike Saudi Arabia and the UAE, which have alternative export routes, Kuwait depends almost entirely on the Strait of Hormuz for crude shipments. The effective closure of the waterway left Kuwait cut off from key Asian markets.
Has Kuwait Petroleum Corporation lifted its force majeure notices?
Yes. On June 18, Kuwait Petroleum Corporation said all force majeure notices issued during the war had been lifted, and tender documents the following day showed it was offering cargoes to buyers.
How did oil prices react to the news of Kuwait's production recovery?
Oil prices extended losses on July 2 after the Reuters report, with crude trading at its weakest levels since late February — just before the Iran war erupted.
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Courtesy: www.egyptoil-gas.com