Tag:

Oil Production

UAE leaves OPEC and OPEC+

The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran ‌war has caused a historic energy shock and unsettled the global economy.

28 Apr 2026-16:29
Russia cuts oil output as attacks hit key infrastructure

Russia has reduced oil production in April following a wave of Ukrainian drone attacks on key energy infrastructure and ongoing disruptions to export routes, according to industry sources.

21 Apr 2026-15:39
Iraq slashes oil production to one-third amid West Asia tensions

Iraq has cut its crude oil production to approximately 1.4 million barrels per day due to ongoing conflict in the Persian Gulf, which is disrupting key export routes, according to the country's Oil Minister Hayan Abdel-Ghani on Thursday.

13 Mar 2026-01:31
UAE’s largest refinery halts production after drone attack

The United Arab Emirates (UAE) shut down its massive Ruwais oil refinery, one of the world’s largest, as a precaution after a drone strike sparked a fire in the surrounding industrial area.

10 Mar 2026-20:22
Iraq cuts oil output after Strait of Hormuz closure

Iraq has announced a reduction in its crude oil production after exports declined and some shipments were halted following Iran’s closure of the Strait of Hormuz amid escalating regional tensions.

04 Mar 2026-15:57
US blockade forces Venezuela to slash oil production

Venezuela sharply reduced its oil exports in early January, almost three‑fold, after a U.S. maritime blockade disrupted shipments, leading to production stoppages at several oil projects, according to a report by the International Energy Agency (IEA).

21 Jan 2026-17:28
Azerbaijan produces 27.7 million tons of oil in 2025

Azerbaijan produced 27.7 million tons of oil, including condensate, in 2025, marking a 4.81 percent decline — or 1.4 million tons — compared to 2024, according to the Energy Ministry.

12 Jan 2026-13:58
West Azeri platform hits 20 years of oil output

BP, operator of the Azeri-Chirag-Gunashli (ACG) oil field, has announced that December 30 marks 20 years since the first oil was produced from the West Azeri platform, a key milestone in the development of the giant ACG field.

29 Dec 2025-13:40
Kazakhstan reports 480,000-ton oil loss after CPC attack

Kazakhstan’s oil production losses have risen to 480,000 tons following a Ukrainian drone strike on the Caspian Pipeline Consortium (CPC) infrastructure, Energy Minister Yerlan Akkenzhenov announced.

11 Dec 2025-14:51
Oil prices fall amid Ukraine peace talks, OPEC+ outlook

Oil prices declined on Thursday as investors monitored US-led efforts to end the war in Ukraine and prepared for an OPEC+ meeting this weekend.

27 Nov 2025-11:05