Continue Reading
Full article on OilPrice.com
Kuwait Eyes 4 Million Bpd Oil Production Capacity by 2035
Market Intelligence Analysis
AI-Powered
Why This Matters
Kuwait aims to increase its oil production capacity to 4 million bpd by 2035, driven by low production costs and steady global oil demand. This expansion is expected to solidify Kuwait's position as a major oil-producing nation. The move is likely to have a positive impact on the global oil market.
Market Impact
Market impact analysis based on bullish sentiment with 85% confidence.
Sentiment
Bullish
AI Confidence
85%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Kuwait targets to raise its oil production capacity to 4 million barrels per day (bpd) by 2035 from just over 3 million bpd now, Kuwait Petroleum Corporation’s CEO and deputy chairman, Nawaf Al-Sabah, has said. Kuwait’s cost of production remains below $10 per barrel of oil, while global oil demand will stay at about 100 million bpd by 2050, the top executive of Kuwait’s national oil company has told CNBC Arabia. Kuwait, a founding member of OPEC, is the cartel’s fifth-largest producer, behind Saudi Arabia, Iraq, Iran, and…
Original article published by
OilPrice.com
on February 5, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.