Kuwait Petroleum Corporation says full oil production recovery will take 10-12 weeks after Hormuz reopens, far longer than traders expect, with implications

Kuwaits statlige oljeselskap mener store deler av oljeeksporten kan gjenopptas 6-8 uker etter at skipstrafikken gjennom Hormuzstredet åpnes igjen.

Kuwait Petroleum says it needs 10-12 weeks to fully restore oil output after Hormuz reopens, undercutting market assumptions of a rapid recovery.