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The Saudi stock market opened the week with a significant decline, with the TASI index dropping over 0.6% following failed negotiations between the U.S. and Iran in Islamabad. This downturn occurred despite the Saudi Energy Ministry announcing a recovery in oil production from the Manifa field.
Chevron Corp has announced a production decline of up to <strong>6%</strong> in the first quarter of <strong>2026</strong>, attributed to the impacts of the war in Iran. This announcement follows a similar disclosure from Exxon Mobil earlier this week.
Pertamina Hulu Energy announced that the significant rise in global oil prices presents an opportunity to enhance production and implement delayed work plans. This comes as oil prices have reached high levels, making many economic projects more viable.
Exxon Mobil announced a 6% decrease in its oil production in the first quarter of the year due to disruptions caused by the ongoing war in the Middle East. This situation has led to a surge in oil prices to record levels.
Exxon Mobil has announced a loss of approximately <strong>6%</strong> of its global production in the first quarter of this year due to disruptions in Gulf production sites caused by the U.S.-Israeli war against Iran.
ExxonMobil has reported a loss of 6% of its global production in the first quarter of the year due to the ongoing war in Iran. The conflict has significantly impacted oil and gas operations in the Arabian Gulf.
Reports indicate that OPEC's crude oil production experienced a sharp decline in March, the highest drop in four decades. This decline is attributed to ongoing conflicts in the Middle East affecting key member exports.
Exxon Mobil and Shell have reported that the ongoing war in Iran has negatively impacted their oil production during the first quarter of the year. This comes amid rising tensions in the region, raising concerns about the stability of global oil markets.
Oil prices, including West Texas Intermediate and Brent crude, have dropped after a temporary ceasefire was announced between the United States and Iran. This development comes at a sensitive time for oil markets affected by geopolitical tensions.
U.S. government estimates indicate that oil production in major Middle Eastern countries may drop by over <strong>9 million barrels per day</strong> in April due to the ongoing conflict in Iran and its impact on global energy markets.
The Egyptian Ministry of Petroleum announced the successful drilling of a new well in the Gulf of Suez, expected to produce around <strong>2500 barrels per day</strong>. This achievement reflects ongoing progress in the Egyptian energy sector.
Libya's oil production has significantly increased to <strong>1.43 million barrels per day</strong>, marking the highest level in ten years. This achievement comes as the country seeks to boost its struggling economy and regain its position in the global oil market.
On Sunday, OPEC+ agreed to raise oil production quotas by <strong>206,000 barrels per day</strong> for May, a modest increase amid the ongoing closure of the Strait of Hormuz due to the U.S.-Israeli conflict with Iran.
OPEC+, a coalition of eight countries, announced a modification to oil production levels by <strong>206,000 barrels per day</strong> starting in May 2023. This decision aims to support the stability of global oil markets amidst ongoing economic challenges.
OPEC+ has decided to keep current oil production levels unchanged during its recent meeting in Vienna. This decision comes amid rising tensions in the Middle East, particularly the ongoing conflict in Iran, which is impacting global markets.
OPEC+ has announced plans for a symbolic increase in oil production quotas for May amid ongoing market tensions due to the conflict in Iran. This decision comes at a sensitive time when geopolitical factors are influencing global energy prices.
Oil prices fell by more than 3% today, erasing previous gains due to continued concerns over the uncertainty surrounding the U.S.-Israeli war developments in Iran. Despite reports suggesting a potential end to the conflict, markets remain tense.
California Attorney General Rob Bonta stated that the restart of approximately <strong>50,000 barrels per day</strong> of oil production off the state's coast will not affect global oil prices. This announcement was made during an interview with Bloomberg.
Libya's oil production has surged to approximately <strong>1.43 million barrels per day</strong>, marking the highest level recorded in over ten years. This increase reflects an improvement in the operational performance of the oil sector following years of disruptions.
OPEC Plus has decided to increase oil production by <strong>206,000 barrels</strong> per day for May. Experts view this increase as largely symbolic and challenging to implement given the current crises.
OPEC+ has announced its decision to raise oil production quotas in response to ongoing geopolitical tensions between the United States and Israel on one side and Iran on the other, impacting global energy supplies.
On Sunday, OPEC+ announced a new increase in oil production quotas, warning that repairing energy facilities damaged by conflicts in the Middle East will require significant time and costs. This decision reflects the ongoing commitment of member countries to boost production amid changing global economic conditions.
OPEC+, a coalition of eight countries, has decided to adjust oil production levels by <strong>206,000 barrels per day</strong> during its virtual meeting held on April 5, 2026. This decision aims to support the stability of oil markets.
OPEC+, which includes major oil producers like Saudi Arabia and Russia, has announced a new increase in oil production quotas by <strong>206,000 barrels per day</strong> starting in May. This decision comes amid ongoing challenges in the global oil market.
Russian Deputy Prime Minister Alexander Novak announced that OPEC+ member countries will raise oil production by <strong>206,000 barrels per day</strong> starting in May. This decision aims to meet the growing demand in global markets.
The Trump administration has announced its intention to exempt all federally regulated offshore oil from protections under the Endangered Species Act. This move is part of the administration's efforts to increase oil production in the United States, raising significant environmental concerns.
OPEC+ announced today an increase in oil production by <strong>206,000 barrels per day</strong> starting from April, amidst rising tensions due to the Iranian war and supply disruption fears.
Global markets are focused on the upcoming OPEC+ meeting, where members will discuss the potential increase in oil production due to the ongoing war in Iran. This meeting comes at a critical time as pressure on oil prices continues to rise.
OPEC+ countries announced their intention to raise oil production by <strong>206,000 barrels per day</strong> starting in May. This decision comes amid significant challenges facing the region due to conflicts affecting production and shipments.
PT Pertamina EP (PEP) Zona 4 announced an increase in oil production from the LBK-29 well in Muara Enim, South Sumatra. This reflects the company's efforts to enhance energy production and achieve sustainability.