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Kuwait says it cut oil and refinery output as Strait of Hormuz shipping slowed

First covered Saturday, March 7, 2026Business & MarketsWell-covered

The Facts

  • Kuwait Petroleum Corp. said it reduced oil and refinery production starting Saturday.
  • Kuwait linked the output reductions to slowed or near-halted shipping traffic through the Strait of Hormuz.
  • Kuwait Petroleum Corp. said the cuts were connected to Iranian threats against safe passage of ships through the Strait of Hormuz.
  • Multiple reports described Kuwait as OPEC’s fifth-biggest oil producer.
  • Bloomberg-reported details said the cutback began at about 100,000 barrels a day early Saturday and was expected to increase on Sunday, with further changes depending on storage levels and the status of Hormuz.
  • Reports said the United Arab Emirates also began reducing oil production, with Abu Dhabi National Oil Co. citing management of offshore production levels to address storage requirements.

Context

Why did Kuwait say it cut production?

Kuwait Petroleum Corp. said it took the step as a precaution because maritime traffic through the Strait of Hormuz slowed, and it cited Iranian threats to safe passage for ships through the strait. Investing.com,Bloomberg Business

How large were the cuts reported to be?

Bloomberg-reported information said the cutback started at about 100,000 barrels a day early Saturday and was expected to almost triple on Sunday, with further gradual reductions depending on storage levels and the status of Hormuz. Bloomberg Business,Yahoo! Finance

Are other Gulf producers also adjusting output?

Yes. Reports said the UAE began reducing production, with Abu Dhabi National Oil Co. saying it is managing offshore production levels to address storage requirements, while Kuwait reduced output at oil fields and refineries. Star ,Fortune

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