Kuwait could increase its crude production to about 2.7 million barrels a day in July, a Gulf oil official said Friday, suggesting a consumers' stockpile release hasn't hindered the producer's plans to boost output so far.

The official said "it's possible" the Gulf nation will raise output to 2.65 million barrels a day or 2.7 million barrels a day in July, compared with about 2.6 million barrels a day in June.

Domestic demand typically increases in the summer both in Gulf countries like Kuwait and, due to the driving season, in the Northern Hemisphere.

Kuwait is part of a group of Gulf producers that pledged to boost production after the Organization of Petroleum Exporting Countries failed to reach an agreement at an acrimonious meeting on June 8.

But some analysts had wondered if such a production boost would still take place after the International Energy Agency decided to draw 60 million barrels from its emergency stockpiles on June 23.
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