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oil production

News updates regarding oil production

OPEC+ plans to increase oil production quotas by 188,000 barrels per day starting in July 2026.

Seven OPEC+ member countries are expected to raise their oil production targets for the fourth consecutive month, despite the risk of supply disruptions in the Middle East and the UAE's departure from the group.

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China's refined crude oil output hit its lowest level in nearly four years.

Oil refining activity in China declined in April 2026 due to negative profit margins. Production reached 13.3 million barrels per day, the lowest level since August 2022.
Russia's crude oil production is expected to plummet by 460,000 barrels per day in April 2026.

A report from the International Energy Agency (IEA) shows that Russia's crude oil production has fallen to 8.8 million barrels per day, but crude oil exports have recorded an increase.

Russian oil production is expected to fall to 8.8 million barrels per day in April 2026.

The latest report from the IEA shows a sharp decline in Russian crude oil production, but seaborne exports are showing impressive signs of recovery.
OPEC oil production hit its lowest level in more than two decades due to tensions in the Strait of Hormuz.

OPEC's oil production in April 2026 plummeted to 20.04 million barrels per day, the lowest level since 2000, due to the impact of geopolitical conflicts in the Middle East.
OPEC+ will increase oil production quotas by 188,000 barrels per day in June 2026.

The OPEC+ alliance decided to raise its production target for the third consecutive month to stabilize the market amid oil prices exceeding $125 per barrel and supply disruptions from the Strait of Hormuz...
OPEC+ will increase oil production quotas by 188,000 barrels per day in June 2026.

The seven OPEC+ member countries agreed to raise their oil production targets in June 2026 to maintain market stability after the UAE left the alliance and the conflict with Iran disrupted oil supplies...

OPEC+ increased oil production by 206,000 barrels per day in May 2026.
April 9, 2026 15:32

Faced with pressure from crude oil prices approaching $120 per barrel, OPEC+ decided to increase production quotas, but experts warn that this increase will not be enough to compensate for the supply shortfall.
OPEC+ increased production by 206,000 barrels per day in May 2026.
April 8, 2026 05:00

The OPEC+ alliance has agreed to increase crude oil production quotas by 206,000 barrels per day in May 2026 to calm the market amid oil prices approaching $120 per barrel.
OPEC oil production in March 2026 is expected to fall by 7.3 million barrels per day, the lowest level since the pandemic.
April 3, 2026 13:29

OPEC's total oil production in March 2026 plummeted to 21.57 million barrels per day due to shipping disruptions in the Strait of Hormuz.
OPEC oil production in March 2026 is expected to fall by 7.3 million barrels per day, the lowest level since the pandemic.
April 3, 2026 11:03

OPEC's output plummeted to 21.57 million barrels per day in March 2026 due to shipping disruptions in the Strait of Hormuz and production cuts from Iraq.
Iraq's oil production has fallen by 80% to 800,000 barrels per day due to the conflict.
March 26, 2026 17:31

Oil production in southern Iraq has plummeted from 4.3 million to 800,000 barrels per day due to congestion in the Strait of Hormuz and overloaded domestic storage facilities.
Iraq's oil production has fallen by 80% to 800,000 barrels per day due to tensions in the Strait of Hormuz.
March 26, 2026 17:30

Iraq has been forced to drastically cut crude oil production in the south amid stalled exports through the Strait of Hormuz and overloaded storage facilities.
Brazil forecasts record soybean production of 177.85 million tons in the 2025/26 crop year.
March 16, 2026 14:31

Brazil is expected to achieve a record 177.85 million tons of soybeans in the 2025/26 crop year. Exports are estimated to increase to 114.39 million tons despite challenges from unusual weather patterns.
Saudi Arabia increases oil production to 10.88 million barrels per day to respond to the conflict in Iran.
March 13, 2026 09:02

An OPEC report indicates that Saudi Arabia significantly increased oil production in February 2026 to secure global supply amid the risk of geopolitical conflict in Iran.
Saudi Arabia increases oil production to 10.88 million barrels per day in response to the conflict with Iran.
March 13, 2026 08:00

OPEC's February 2026 report confirmed that Saudi Arabia had increased production to offset the risk of supply disruptions from the Middle East, while maintaining its forecast for global demand.
US crude oil exports are projected to fall by 3% in 2025, marking the first decline in four years.
March 12, 2026 11:33

Despite record production of 13.6 million barrels per day, US crude oil exports are still projected to fall to 4 million barrels per day by 2025 due to priorities for stockpiling and domestic consumption.
US crude oil exports are projected to fall by 3% in 2025, marking the first decline in four years.
March 12, 2026 08:37

According to the EIA, average oil exports are projected to reach 4 million barrels per day in 2025, a decrease despite record domestic production reaching 13.6 million barrels per day.
Malaysian palm oil production is forecast to fall by up to 17% due to flooding, with prices remaining at $1,088 per ton.
March 11, 2026 11:00

The Malaysian Palm Oil Association warned of tight supply in February 2026 due to natural disasters in Sabah, while new export taxes from Indonesia are driving up commodity prices.
Algeria increases crude oil and natural gas production, strengthening its energy position by 2026.
March 9, 2026 10:00

With oil reserves of 12.2 billion barrels and natural gas reserves of 2.5 trillion cubic meters, Algeria plans to increase production from April 2026 to meet high demand from Europe amid complex geopolitical circumstances.
Algeria plans to increase oil and gas production and boost exports to Europe in 2026.
March 9, 2026 09:02

The North African nation plans to increase its crude oil production by 6,000 barrels per month from April 2026, while also optimizing its LNG infrastructure to compensate for the global supply shortfall.
Saudi Arabia increases oil production by 500,000 barrels per day as a precaution against geopolitical tensions.
March 6, 2026 09:10

Saudi Arabia is implementing a plan to increase crude oil production and exports to secure global supply in the face of energy disruptions from the US-Iran conflict.

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