- Iraqi oil production from southern oilfields has fallen to 1.3 million barrels per day from approximately 4.3 million barrels per day, according to three sources.
- Iraqi oil production from southern oilfields has plummeted to 1.3 million barrels per day (bpd) from approximately 4.3 million bpd, according to multiple sources.
- The production cuts are due to export disruptions caused by the closure of the Strait of Hormuz, which has halted vessels from reaching Iraqi ports.
- Iraq's refining capacity is around 1.1 million bpd, and storage has reached critical levels in southern ports.
- Production cuts could widen to over 3 million bpd in the coming days if the disruptions persist, according to reports.
- The halt removes roughly 36% of Iraq's output.
Iraqi oil production from southern oilfields has fallen to 1.3 million barrels per day from approximately 4.3 million barrels per day, according to three sources.
Mar 8, 2026, 3:13:40 PM UTC(41 days ago)
Impact: Very HighAffected Assets
Sources
From:@DeItaone
🚨 IRAQI OIL PRODUCTION FROM SOUTHERN OILFIELDS FALLS TO 1.3 MILLION BPD FROM AROUND 4.3 MILLION BPD - THREE SOURCES SAY
