Middle East tensions continue to escalate, multiple energy companies suspend and reduce production

CryptocurrencySniper · 2026-03-13T09:17:01+00:00

Due to military operations by the US and Israel against Iran and disruptions in the Strait of Hormuz, multiple energy enterprises in the Middle East have announced production halts or reductions, which is expected to impact global oil and gas output. TotalEnergies, the Abu Dhabi National Oil Company, the Kuwait National Petroleum Company, and Qatar are all experiencing disruptions.

CryptocurrencySniper

2026-03-13 09:17:01

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Due to the U.S. and Israel launching military strikes against Iran and ongoing disruptions to shipping through the Strait of Hormuz, several major energy companies operating in the Middle East have recently announced production halts or reductions.

On the 12th, TotalEnergies, a French energy giant, issued a statement on its website saying that due to the prolonged conflict in the Middle East, the company has stopped or is in the process of stopping some oil and natural gas production off the coasts of Qatar, Iraq, and the UAE. This is expected to impact about 15% of its global oil and gas output, but oil production on land in the UAE via the port of Fujeirah, bypassing the Strait of Hormuz, remains unaffected.

Reuters reported on the 12th, citing sources, that after an attack on the Ruwais refinery in Abu Dhabi, the Abu Dhabi National Oil Company (ADNOC) has temporarily shut down the refinery. The UAE is the third-largest oil producer in OPEC, with a daily output exceeding 3.5 million barrels in January this year. Since the U.S. and Israel launched military strikes against Iran, the UAE has been working to ensure market supply by using alternative shipping routes that bypass the Strait of Hormuz.

Kuwait Petroleum Corporation announced on the 7th that due to threats to the safety of ships passing through the Strait of Hormuz related to the U.S.-Israel-Iran conflict, and a shortage of ships transporting crude oil and refined products, the company’s operations are experiencing “force majeure,” leading to reductions in crude oil and refining output.

As one of the top three exporters of liquefied natural gas (LNG) globally, Qatar exports nearly all of its LNG through routes outside the Strait of Hormuz, accounting for about 20% of global supply. Earlier this month, QatarEnergy announced that due to facility attacks and disruptions to shipping through the Strait of Hormuz, the company has suspended operations at its LNG production facilities in Ras Laffan Industrial City.

(Source: Xinhua News)

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