Seven OPEC+ countries have decided to keep oil production levels unchanged for October amid ongoing geopolitical tensions and challenges in the Persian Gulf region. Against this backdrop, global oil prices continue to rise.
The Singaporean company SeaLead has faced significant restrictions after the United States imposed sanctions on its vessels for allegedly supporting Iranian interests. As a result, the carrier's fleet has been reduced by more than three times.
Oil prices surged sharply after the US revoked permission for Iranian oil exports and reports emerged of attacks on tankers in the Strait of Hormuz. Brent futures jumped nearly 6%, surpassing $76 per barrel.
Chevron has gained access to key information needed to assess one of Iraq's largest oil fields, West Qurna 2, paving the way for the company to potentially obtain operator rights. The country's authorities are seeking to attract international investment and boost oil production to help revive the economy.