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Kuwait Oil Output Rises to 1.5 Million Barrels a Day Amid Strike

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The Outlook for Crude Post Failed Talks in Doha

Kuwait’s crude output edged higher to 1.5 million barrels a day as the state oil company brought more production facilities back on line after halting some operations at the start of a labor strike now in its third day.

Production in northern Kuwait returned to a normal level and Kuwait Petroleum Corp. restarted units in the country’s southeast, helping boost overall output, the oil industry’s spokesman, Sheikh Talal Al-Khaled Al-Sabah, said in a post on Instagram.

The work stoppage, which began Sunday, had caused the OPEC member’s output to plunge 60 percent to about 1.1 million barrels a day. The initial decline of 1.7 million barrels a day from March levels surpassed the surplus in global supply. KPC, the main national oil company, is able to meet its supply commitments to clients in spite of the walkout, Sheikh Talal reiterated Tuesday.

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