New York, April 8, 2026 (AFP) - ExxonMobil reports 6% output hit from Middle East outages

NAMPA / AFP

2026-04-08

ExxonMobil on Wednesday disclosed a six percent drop in first-quarter petroleum production due to Middle East war-related outages, according to a securities filing. The war, beginning with the February 28 US-Israeli attack on Iran, lifted oil prices to more than $100 a barrel in recent weeks and prompted a surge in natural gas prices in some markets. While crude prices fell sharply Wednesday after the two sides announced a ceasefire, the surge in......

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