Kuwait has asked its energy customers to pick up refined petroleum directly from its ports as the US and Iran aim for a final agreement within 60 days, adding to signs that cement the opening of the Hormuz Strait. The country is situated deep inside the Persian Gulf and is among the worst-hit economies due to the conflict.

Early signs of reopening of the Strait of Hormuz have lifted the most acute threat to global energy supplies but economic damages from the war will take months to unwind.

Opec member's production fell to 573,000 barrels per day in May

The reopening of the Strait of Hormuz offers relief to exporters amid ongoing shipping risks and rising logistics costs.

Shipping through the Strait of Hormuz is recovering after a US-Iran agreement reopened the vital oil chokepoint, but Goldman Sachs and Oxford Economics see a longer road back to…

The real test for the gas markets begins only after one of the world's busiest chokepoints reopens

Kuwait has asked its energy customers to pick up refined petroleum directly from its ports as the US and Iran aim for a final agreement within 60 days, adding to signs that cement…

Kuwait Petroleum Corp. is offering naphtha cargoes at its ports for the first time in months as Gulf producers test a reopened Strait of Hormuz.

State-held Kuwait Petroleum Corporation (KPC) has issued a tender to sell naphtha cargoes to be picked up at Kuwaiti ports by buyers...