Oil Production on BizBriefCentralhttps://bizbriefcentral.com/tags/oil-production/Recent content in Oil Production on BizBriefCentralHugo -- gohugo.ioen-usSun, 08 Mar 2026 11:27:08 +0000UAE and Kuwait Cut Oil Production as Hormuz Crisis Hits Supplyhttps://bizbriefcentral.com/2026/03/uae-and-kuwait-cut-oil-production-as-hormuz-crisis-hits-supply/Sun, 08 Mar 2026 11:27:08 +0000https://bizbriefcentral.com/2026/03/uae-and-kuwait-cut-oil-production-as-hormuz-crisis-hits-supply/What Happened The UAE and Kuwait announced immediate reductions in oil production following reports that the Strait of Hormuz—a 21-mile-wide waterway at its narrowest point—faced near-blockage conditions. The two Gulf nations, which together produce approximately 4 million barrels of oil per day, cited supply chain disruptions and transit safety concerns as reasons for the cuts. The Strait of Hormuz serves as the gateway for oil exports from Saudi Arabia, Iran, Iraq, Kuwait, Qatar, and the UAE.