Published: · Severity: WARNING · Category: Breaking

Kuwait Lifts Force Majeure, Restores Oil Output Above 2 mb/d

Severity: WARNING
Detected: 2026-06-18T14:00:10.796Z

Summary

Kuwait’s state oil company KPC has lifted all force majeures and begun ramping crude production, targeting above 2 million b/d within a week. This marks a faster-than-expected restoration of Gulf supply following earlier disruptions, easing near-term tightness and modestly pressuring crude prices lower.

Details

Kuwait has announced the immediate lifting of all force majeures and the resumption of crude production, with output set to exceed 2 million barrels per day within a week. This confirms that operational, legal, or security constraints that had recently limited Kuwaiti exports are now removed. Given Kuwait’s role as a reliable medium-sour producer and key OPEC member, the return of over 2 mb/d of supply capacity is a meaningful easing of perceived supply risk in the Gulf at a time when markets have been focused on disruptions around Hormuz and Iranian flows.

AFFECTED ASSETS: Brent Crude, WTI Crude, Dubai Crude, Middle East medium sour crude differentials, Tanker rates (AG–Asia), Oil refining margins in Europe and Asia

Sources

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