Iran US | Egypt Oil & Gas

Iraq’s Southern Oil Output Drops 70% as Hormuz Disruption Halts Exports

Iraq’s oil production from its main southern fields has dropped by around 70% to about 1.3 million barrels per day (mmbbl/d) as the country struggles to export crude through the Strait of Hormuz amid the ongoing I ...

OPEC Mulling 1M b/d Oil Output Cut

Saudi Arabia, the biggest OPEC producer, is discussing a proposal to cut oil output by up to 1 million barrels per day (b/d) between OPEC and allies.

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