Crude oil production from the OPEC+ alliance dropped significantly in January due to a major supply disruption in Kazakhstan and lower output from Iran and Venezuela.

US Energy Secretary Chris Wright toured oil producing facilities in Venezuela with its acting president Delcy Rodríguez as the Trump administration moves to control sales of the country’s oil.

The World’s September oil production increased by 737 kb/d to 86,033 kb/d, a new World Peak Oil All Time High. September’s World oil output W/O the US increased by 692 kb/d to 72,189 kb/d. Production ...