Kuwait Boosting Oil Output to 2 Million Barrels by Next Week (opens original article in a new tab)

Kuwait is increasing oil production to over 2 million barrels per day within a week as the Strait of Hormuz reopens due to an interim US-Iran peace deal.

• Kuwait plans to increase oil output to over 2 million barrels per day within a week
• The interim US-Iran peace deal has reopened the Strait of Hormuz to shipping
• Kuwait Petroleum Corp. CEO stated that force majeure notices will be lifted immediately