Kuwait July crude output reportedly rises to 1.971M bpd from 1.65M

The reported month-on-month increase marks a sharp jump in production and, in the source's framing, is unlikely to go unnoticed in Vienna.

Summary

Kuwait reportedly produced 1.971 million barrels per day of crude in July, up from 1.65 million bpd (barrels per day) in June. The month-on-month increase amounts to a sharp rise in output, a move the source said "will not go unnoticed in Vienna."

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