{"id":13069,"date":"2026-03-10T18:15:06","date_gmt":"2026-03-10T18:15:06","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/13069\/"},"modified":"2026-03-10T18:15:06","modified_gmt":"2026-03-10T18:15:06","slug":"iraq-cuts-2-9m-bpd-biggest-oil-production-reduction-globally","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/13069\/","title":{"rendered":"Iraq cuts 2.9M bpd, biggest oil production reduction globally"},"content":{"rendered":"<p>\n                            2026-03-10T17:40:18+00:00<\/p>\n<p>                                    font<\/p>\n<p>                                            Enable Reading Mode<\/p>\n<p>\n                                        A-<br \/>\n                                        A<br \/>\n                                        A+\n                                    <\/p>\n<p>Shafaq News-<br \/>\nBaghdad<\/p>\n<p>Iraq has cut its<br \/>\noil production by about 2.9 million barrels per day, making it the country with<br \/>\nthe largest production reduction globally amid the US-Israeli war with<br \/>\nIran and the closure of the Strait of<br \/>\nHormuz, an economic said on Tuesday.<\/p>\n<p>In a statement, Nabil<br \/>\nAl-Marsoumi noted that Saudi Arabia reduced its output by between 2 and 2.5<br \/>\nmillion barrels per day, while the United Arab Emirates cut production by about<br \/>\n800,000 to 900,000 barrels per day, and Kuwait by around 500,000 barrels per<br \/>\nday. The combined <a href=\"https:\/\/www.shafaq.com\/en\/Economy\/Gulf-giants-slash-6-7M-barrels-from-daily-output\" target=\"_blank\" rel=\"nofollow noopener\">reductions<\/a> by these countries reached approximately 6.7<br \/>\nmillion barrels per day, equivalent to one-third of their oil production and<br \/>\nabout 6% of global supply.<\/p>\n<p>Despite these cuts,<br \/>\noil prices <a href=\"https:\/\/www.shafaq.com\/en\/Economy\/Oil-prices-retreat-following-Trump-s-de-escalation-comments\" target=\"_blank\" rel=\"nofollow noopener\">fell<\/a> below $90 per barrel, after the Group of Seven (G7) asked the<br \/>\nInternational Energy Agency (IEA) to prepare plans to release emergency oil<br \/>\nreserves to address supply shortages and rising prices.<\/p>\n","protected":false},"excerpt":{"rendered":"2026-03-10T17:40:18+00:00 font Enable Reading Mode A- A A+ Shafaq News- Baghdad Iraq has cut its oil production by&hellip;\n","protected":false},"author":2,"featured_media":11020,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[14],"tags":[7130,152,7131,94,7129,899],"class_list":["post-13069","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iraq","tag-biggest-oil-production-reduction-globally","tag-breaking","tag-cuts","tag-iraq","tag-iraq-cuts-2-9m-bpd","tag-oil-production"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116206247880263583","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/13069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=13069"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/13069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/11020"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=13069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=13069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=13069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}