What specific spot fuel cargoes has Kuwait Petroleum Corp (KPC) offered for June loading, and under what logistical arrangements?

KPC offered at least one 90,000 metric ton (670,500 barrel) cargo of 10ppm sulphur gasoil and one 55,000–60,000 ton (489,500–534,000 barrel) cargo of naphtha for June loading via private negotiations; buyers may lift the cargoes via ship-to-ship transfers outside the Strait of Hormuz — such as off the west coast of India or in Sohar, Oman — or from Fujairah tanks.

What is the status of KPC’s force majeure declaration and how does it relate to its recent spot fuel offers?

The force majeure declared by KPC in March for exports remains in place, even as the company simultaneously offered spot fuel cargoes for June loading and floated a 4-million-barrel crude tender — indicating that while contractual export obligations remain suspended, KPC is pursuing ad hoc commercial opportunities outside its term commitments.

Kuwait's KPC Offers First Spot Fuel Cargoes Since Iran War, Sources Say

Jun 10, 2026

Kuwait Petroleum Corp resumed spot fuel cargo offerings and crude tenders for the first time since the Iran war began, signaling potential supply normalization despite existing force majeure on exports.

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