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.
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.
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 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.
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.
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.
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.
Kuwait had been pumping around 2.5 million barrels per day before Iran effectively shut the Strait of Hormuz in late February 2026.
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.
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.
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.
Courtesy: www.egyptoil-gas.com
