Kuwait Offers Crude Cargoes After Lifting Force Majeure and Resuming Exports

Kuwait City | EcoPulse24

Kuwait Petroleum Corporation (KPC) has offered crude oil cargoes for July delivery through a new tender after lifting all force majeure notices issued during the US-Israel-Iran conflict and announcing plans to increase production following the reopening of the Strait of Hormuz.

According to a document reviewed by Reuters, KPC is offering export cargoes of Kuwait Export Crude, with each shipment consisting of 2 million barrels. The tender is scheduled to close on Tuesday, while bids will remain valid until Wednesday.

Force Majeure Lifted as Production Ramps Up

Kuwait's Government Communication Center, citing a statement from KPC, said on Thursday that all force majeure notices had been lifted with immediate effect.

The company also announced that Kuwaiti oil production is expected to increase to approximately 2 million barrels per day within a week, alongside the reopening of the Strait of Hormuz and the resumption of commercial shipping through one of the world's most critical energy corridors.

Exports Had Fallen Sharply During the Conflict

Data from vessel-tracking firm Kpler showed that Kuwait exported an average of around 1.2 million barrels per day of crude during the first two months of the year before exports fell to nearly zero in April as geopolitical tensions escalated.

Last week, Kuwait Petroleum sold approximately 4 million barrels of crude for June delivery through a tender process.

The cargoes were loaded through ship-to-ship transfer operations off Sohar, Oman, aboard the very large crude carriers Sea Ruby and Maran Atalanta, both bound for China, according to Kpler data.

EcoPulse24 Analysis

The latest tender marks one of the clearest indications yet that Kuwait is transitioning from crisis management back toward normal export operations.

The significance of the move extends beyond the volume of crude being offered. Its timing - immediately following the lifting of force majeure and the reopening of the Strait of Hormuz - signals growing confidence in the stability of regional energy logistics.

For global oil markets, the return of Kuwaiti barrels provides another indication that Gulf supply risks are easing. If shipping flows through Hormuz remain uninterrupted, the normalization of exports from major Gulf producers could continue to reduce the geopolitical risk premium that had supported oil prices in recent weeks.