Kuwait Is Pumping Oil at About 75% of Prewar Rate, KPC CEO Says

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,...

By Fiona MacDonald · Bloomberg Markets

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, the chief executive officer of the nation’s state oil company said.