Middle East countries cut daily oil output, Bloomberg News reports

10-03-2026 17:03 HKT

Smoke continues to rise after a reported strike on fuel tanks in an oil refinery, amid the U.S.-Israeli conflict with Iran, in Tehran, Iran, March 8, 2026. (Reuters)

Saudi Arabia has lowered oil output by between 2 million and 2.5 million barrels a day, and the United Arab Emirates has cut its output by 500,000 to 800,000 barrels a day, Bloomberg News reported on Tuesday.

Kuwait has also cut output by half a million barrels a day, and Iraq by about 2.9 million, the report added, citing people with knowledge of the matter.

Reuters

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