Kuwait Targets 2 Million Barrels Per Day as Strait of Hormuz Reopens (opens original article in a new tab)

KPC plans to raise oil production to 2 million barrels per day as Strait of Hormuz reopens, aiming to restore normal operations and stabilize global energy markets.

• KPC plans to increase Kuwait's oil production to 2 million barrels per day within a week
• KPC lifted force majeure notices and aims to restore normal operations with international shipping
• KPC's production increase is expected to stabilize global energy markets and meet international obligations