Kuwait Petroleum Corp Ramps Up Production to 2 Million Barrels per Day
Kuwait Petroleum Corp announced that it will increase crude oil output to 2 million barrels per day (bpd) within a week after completing repairs to damaged energy infrastructure. The statement was made by the company’s Chief Executive Officer, Sheikh Nawaf Al‑Sabah, during an interview with Bloomberg and was published on 18‑06‑2026 at 07:10 pm.
During the recent war, Kuwait’s oil production had dropped to as low as 0.5 million bpd because oil fields were targeted and the closure of the Strait of Hormuz cut off a key shipping route. Following the reopening of the Strait, the CEO said that all force‑majeure notices issued during the conflict will be lifted with immediate effect, enabling the swift return to pre‑war production levels.
The production surge is linked to the reopening of the Strait of Hormuz, which is described as a critical passage for global oil shipments. The article also references Crude Oil Futures (Derivatives) priced at US$5.14% and notes that the piece was generated with AI assistance and reviewed by an editor (Luke Juricic).