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

• Monday, 9th March 2026
• by Fatma Ahmed

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 Iran ...

OPEC Mulling 1M b/d Oil Output Cut

• Sunday, 11th November 2018
• by Editorial Team

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, two sources close to the discussion told Reuters on November 11. Th...