Kuwait Oil Output at 75% of Prewar Levels
Kuwait is pumping oil at about 75% of the level it was at before the Iran war started as more tankers take the risk of navigating the Strait of Hormuz, according to the CEO of the nation’s state oil company.
Original · Bloomberg AI summary of public reporting
Why: Lower Kuwait output amid Hormuz risks → tighter supply
Hover or tap a glowing candle to see what happened
Loading market data…
Event timeline
No matching events
Prices since publication
At publication → CurrentBRENTOIL102.57 → 102.21−0.4%
CL90.33 → 91.14+0.9%