global production Archives

Exxon output drops 6% as Middle East war disrupts Gulf operations

April 8, 2026

(Oil Price) – ExxonMobil lost 6% of its global production in the first quarter as the Iran war paralyzed oil and natural gas operations in the Persian Gulf. Half those outages were from a liquefied natural gas complex in Qatar in which Exxon is a partner, the company said Wednesday. Two LNG production lines, or trains, at the facility were damaged by

Oil markets may see a potentially “big” surplus ahead, HSBC says

September 15, 2025

(Investing) – The oil market is anticipated to a see a “big surplus” from the fourth quarter onwards, driven in large part by the return of OPEC+ producer group barrels over the next 12 months, according to analysts at HSBC. In a note to clients, the strategists led by Kim Fustier forecast a surplus growing from 600,000 barrels per day in

global production

Exxon output drops 6% as Middle East war disrupts Gulf operations

Oil markets may see a potentially “big” surplus ahead, HSBC says

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