Kuwait’s oil production expected to reach 2.628 million bpd in June, state media reports in Oil & Companies News 04/05/2026 Kuwait’s oil production is projected to reach 2.628 million barrels per day in June, the state news agency reported, citing the country’s oil minister. Earlier in the day, seven OPEC+ countries agreed that they will increase oil output targets by 188,000 barrels per day in June, marking the third consecutive monthly increase. The output targets remain largely symbolic as Gulf countries have been forced to reduce production while the Strait of Hormuz remains closed during the Iran war. Source: Investing.com 2026-05-04 hellenicshippingnews... tweet Share