Kuwait to lift oil output to two million bpd within a week as Strait of Hormuz reopens
Kuwait plans to raise oil output to two million barrels per day within a week as the Strait of Hormuz reopens following an agreement between the US and Iran to end the war in the Middle East. Opec’s fifth-largest producer has carried out essential repairs to damaged infrastructure to help the countr
AI Translated Summary:
Kuwait is set to increase its oil production to two million barrels per day following the reopening of the Strait of Hormuz, a key shipping route. This move comes after a US-Iran agreement aimed at stabilizing the region amidst ongoing conflicts.
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