JOURNAL ARTICLE

Iraq Starts Massive Oil Cuts as Hormuz Tensions Fill Storage.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: El Wardany, Salma; Paola, Anthony Di; Smith, Grant 3 of 3

Abstract

The article focuses on Iraq’s shutdown of oil production at its largest fields due to storage tanks filling amid a shipping blockade in the Strait of Hormuz, a critical waterway for Middle East crude exports. Iraq has halted output at the Rumaila field, managed by BP and PetroChina, and the West Qurna 2 project, totaling about 1.2 million barrels per day, with potential cuts reaching two-thirds of the country’s production if the crisis continues. The disruption follows regional hostilities affecting energy infrastructure, including attacks on Saudi and Qatari facilities, leading to slowed tanker traffic and increased oil and gas prices. Saudi Arabia is exploring alternative export routes amid ongoing security concerns in the region. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/03, pN.PAG
  • Document Type:Article
  • Subject Area:Environmental Sciences
  • Publication Date:2026
  • Accession Number:192029301
  • Copyright Statement:Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.