Finance
TotalEnergies output down 15% due to US-Iran war; confirms UAE outages
Published by Global Banking & Finance Review®
Posted on March 12, 2026
2 min readLast updated: March 12, 2026
Quick Summary
TotalEnergies confirms a 15% drop in oil and gas output—around 10% of its upstream cash flow—due to disruptions across the Middle East, including its UAE offshore fields. However, an $8/barrel oil price increase and ramped-up production elsewhere are expected to more than offset this lost income.
TotalEnergies Output Falls 15% as US-Iran War Shuts Down UAE, Middle East Fields
Impact of Middle East Conflict on TotalEnergies Operations
By America Hernandez
Production Losses and Financial Impact
PARIS, March 12 (Reuters) - TotalEnergies has lost 15% of its oil and gas output as the U.S.-Israeli war with Iran shuts fields across the Middle East, including in the UAE, Qatar and Iraq, the French oil major said on its investor website.
Contribution to Upstream Cash Flow
That output accounts for about 10% of Total's upstream cash flow, it added.
Confirmation of Outages in the UAE
The statement became the first confirmation of widespread output outages in the UAE due to the crisis. Qatar and Iraq have previously announced production cuts, but the UAE has not released any official information.
Offshore Production Shutdown
Total said its offshore production in the UAE is shut. The UAE produces around half its oil output from offshore fields.
Offsetting Losses and Ongoing Operations
Oil Price Increases and New Production
The French firm added that income from an $8 per barrel rise in oil prices that has occurred as a consequence of the war would more than offset the loss of output in the Middle East this year as it brings online additional production elsewhere.
Refinery and LNG Operations
Operations at its SATORP refinery in Saudi Arabia are normal, it added.
Qatar LNG Production Impact
The impact of shutdowns in Qatar of liquefied natural gas production are limited to two million tonnes of LNG for Total.
(Reporting by America Hernandez; Editing by Sudip Kar-Gupta, Makini Brice and Jan Harvey)
Key Takeaways
- •TotalEnergies has lost approximately 15% of its oil and gas output due to shutdowns across the Middle East (UAE offshore, Qatar, Iraq), impacting roughly 10% of its upstream cash flow.
- •For the first time, TotalEnergies confirmed widespread outages in UAE offshore production—home to nearly half the country’s oil output.
- •Despite the loss, a rebound in oil prices (~$8/barrel rise) and additional production elsewhere are expected to more than compensate for the income hit this year.
Frequently Asked Questions about TotalEnergies output down 15% due to US-Iran war; confirms UAE outages
1Why has TotalEnergies output dropped by 15%?
TotalEnergies output fell due to the US-Iran war, causing oil and gas field shutdowns across the Middle East, particularly in the UAE, Qatar, and Iraq.
2How much of TotalEnergies' upstream cash flow is affected?
The 15% drop in output represents about 10% of TotalEnergies' upstream cash flow.
3Is this the first confirmation of UAE oil production outages?
Yes, this statement by TotalEnergies is the first official confirmation of widespread UAE outages linked to the conflict.
4Will higher oil prices offset TotalEnergies' output loss?
TotalEnergies states that the recent $8 per barrel oil price rise should more than offset its Middle East output losses for the year.
5Are all of TotalEnergies' Middle East operations affected?
No, operations at Total's SATORP refinery in Saudi Arabia remain normal, and LNG shutdowns in Qatar are limited.