Iraq reduced production at a major oil field on Tuesday after the Strait of Hormuz was effectively closed, according to an official document and oil ministry sources. The post Iraq reduces production…

Venezuela's oil ministry has suspended 19 oil production-sharing contracts with private companies that were signed under President Nicolas Maduro's administration, according to sources.

Venezuela's oil ministry suspends 19 production-sharing contracts, including projects in Lake Maracaibo and the Orinoco Belt, as part of a broader review of deals linked to US sanctions.