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2026-11-02 18:30:28
[Kuwait's Crude Oil Production Rises to Highest Level Since US-Iran Conflict in October] ⑴ According to a source with direct knowledge of the situation, Kuwait increased its crude oil production to 2.1 million barrels per day in October, the highest level since the start of the war with Iran, an increase of more than 300,000 barrels per day from September. ⑵ Despite a record number of attacks on shipping in the Strait of Hormuz, production still increased, further demonstrating that Gulf oil-producing countries are maintaining or increasing production while adapting to the risk of disruption. ⑶ The source requested anonymity because they were not authorized to speak publicly about Kuwait's production. A spokesperson for the Kuwait Oil Company did not immediately respond to a request for comment. ⑷ According to a source familiar with the matter on October 2, Kuwait's production in September was approximately 1.77 million barrels per day, while in February, before the US and Israel launched their war against Iran, production was close to 2.6 million barrels per day. ⑸ After the war began at the end of February, oil exports from the Strait of Hormuz were blocked, prompting Kuwait and other Middle Eastern oil-producing countries to cut production.
