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27.08.26 - 20:30
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Qatar And Kuwait Restore 70% Of Pre-War Oil Exports Through Hormuz (ZeroHedge)
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Qatar And Kuwait Restore 70% Of Pre-War Oil Exports Through Hormuz
Authored by Tsvetana Paraskova via OilPrice.com,
Qatar and Kuwait have managed to boost their crude oil exports from the Strait of Hormuz to 70% of pre-war levels as they followed the United Arab Emirates in shuttling oil through the chokepoint and using ship-to-ship transfers in the Gulf of Oman, anonymous traders told Bloomberg on Thursday.
Before the Middle East conflict, Qatar and Kuwait collectively exported about 2 million barrels per day (bpd) of crude oil via the Strait of Hormuz.
They don't have alternative routes as Saudi Arabia and the UAE do, and struggled to ship oil out of the Persian Gulf in the first couple of months of the conflict.
But around June, Kuwait and Qatar began shuttling crude out of Hormuz and offered it for transfers outside the chokepoint in the Gulf of Oman.
The increasing Kuwaiti and Qatari oil volumes add to the barrels that Saudi Arabia and the UAE have been sneaking through the Strait of Hor...
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27.08.26 - 15:03
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Kuwait, Qatar Ramp Up Hormuz Oil Flows As Oman-Iran Talks Ease Supply Fears (ZeroHedge)
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Kuwait, Qatar Ramp Up Hormuz Oil Flows As Oman-Iran Talks Ease Supply Fears
Brent crude futures fell to an intraday low of $86.22 a barrel early Thursday before recovering above $88 by 0630 ET. The benchmark is down 6.3% this week as traders unwind part of the war-risk premium amid growing optimism that renewed diplomatic efforts involving Iran, Oman and Qatar could reduce the threat of drone attacks on tankers in the critical waterway.
Bloomberg reported earlier that Kuwait and Qatar are restoring crude exports through the highly contested maritime chokepoint. Sources familiar with energy flows in the Gulf region say that both producers are shipping about 70% of the combined 2 million barrels a day they exported before the Iran war.
Total oil shipments via tankers have climbed to between 7 million and 8 million barrels a day, up from roughly 4 million barrels a day in mid-July and equal to about 75% of prewar levels, according to the outlet.
London-based energy and freight analytics firm Vort...
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18.07.26 - 15:48
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Kuwait Pounded By Iranian Barrage As Oil And Desalination Plants Come Under Attack (ZeroHedge)
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Kuwait Pounded By Iranian Barrage As Oil And Desalination Plants Come Under Attack
Kuwait was bombarded overnight in one of the fiercest Iranian retaliatory strikes since the US-Iran conflict erupted in late February, with missiles and one-way drones targeting power infrastructure and other critical energy assets.
Local outlet Kuwait News Agency reports an unspecified site of the Kuwait Petroleum Corporation suffered "significant material losses" as the week-long flare-up in Gulf tensions has derailed any near-term normalization of tanker flows through the Strait of Hormuz.
There was a report that the Al-Subiya power station was struck. This marks the second attack on Kuwaiti power infrastructure in just days, after a transformer at the Zour South electricity and desalination complex was hit on Friday.
Authorities disconnected several power-generating units as a precaution and urged residents to conserve electricity. A Kuwaiti army base was also struck during the latest escalation, i...
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30.06.26 - 15:24
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SLB Wins Seven-year Kuwait Oil Tech Contract (AFX)
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HOUSTON (dpa-AFX) - Oilfield services company SLB N.V. (SLB) announced on Tuesday that it has been awarded a seven-year contract by Kuwait Oil Company or KOC to develop and deploy advanced technol......
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23.06.26 - 19:39
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Kuwait Offers Gulf Oil Loadings In Ports Deep In Persian Gulf As Producers Seek Hormuz Outlet (ZeroHedge)
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Kuwait Offers Gulf Oil Loadings In Ports Deep In Persian Gulf As Producers Seek Hormuz Outlet
Submitted by Tsvetana Paraskova of OilPrice.com
Kuwait is offering naphtha for loading at its ports deep into the Persian Gulf in the first such tender in months, as Middle Eastern oil producers seek to raise shipments through the Strait of Hormuz.
State-held Kuwait Petroleum Corporation (KPC) has issued a tender to sell naphtha cargoes to be picked up at Kuwaiti ports by buyers, Bloomberg reported on Monday, quoting a tender document it had seen.
The Kuwaiti tender is a sign that the Gulf producers are hopeful that the Strait of Hormuz reopening would allow them to boost production and crude and product shipments.
In previous sales during the Hormuz crisis, Kuwait has asked potential buyers to charter their own tankers to pick up petroleum from the country's ports, traders told Bloomberg.
But tanker traffic at the Strait of Hormuz has seen hiccups hours after the U.S. and Iran signed a memorandum of...
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