Iraq’s oil output plunges ~60% as Gulf tanker routes are disrupted, Bloomberg reports
TL;DR Summary
Bloomberg reports Iraq’s oil production has fallen roughly 60% to about 1.7–1.8 million barrels per day as Iran-related conflict disrupts tanker access and chokepoints through the Strait of Hormuz, with limited export capacity and Gulf producers like the UAE and Kuwait cutting output while storage fills up.
- Iraq oil output plunges about 60% as Iran war blocks tankers, Bloomberg reports Investing.com
- Kuwait declares force majeure, cuts crude oil output due to Middle East conflict Reuters
- UAE and Kuwait Start Oil Output Cuts After Hormuz Blockage Bloomberg
- Iraqi Oil Production Falls Below One-Third of Normal Rate WSJ
- Iraqi oil production collapses as Hormuz still blocked by Iran war, sources say The Times of Israel
Reading Insights
Total Reads
0
Unique Readers
13
Time Saved
127 min
vs 127 min read
Condensed
100%
25,364 → 47 words
Want the full story? Read the original article
Read on Investing.com