Oil India (OIL IS) executive says they are on course to cross last year's record annual production levels

Oil India announcing its aim to exceed last year's production levels indicates a potential increase in supply within the market.

Newsquawk StaffPublished 11 Feb 2026, 05:50 UTCOn the live feed at 05:30 UTC, 20 minutes before this page

Newsquawk headlinesUTC

06:01

Commerzbank (CBK GY) Q4 (EUR): Revenue 3.14bln (exp. 3.09bln), NII 2.05bln (exp. 2.04bln, prev. 2.31bln Y/Y), Net Income 737mln (exp. 628.6mln); Outlook 2026: Net result expected above original target of EUR 3.2bln (exp. 3.41bln)

05:56

[MARKET UPDATE] JPY continues its post-election strengthening with USD/JPY testing 153.00 to the downside amid bets of the BoJ hiking sooner and with Japanese participants away for holiday

05:30

Oil India (OIL IS) executive says they are on course to cross last year's record annual production levels

05:19

Philippine Central Bank governor says growth has stalled, but not significantly, and inflation is seen around 3% in the next two years, while concern increases if it moves beyond 3%

05:04

Syria taps energy majors to explore for trillions of cubic meters of gas with the state oil chief noting that Chevron (CVX), ConocoPhillips (COP) and TotalEnergies (TTE FP) and Eni (ENI IM) are interested in exploration, according to FT

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

Context

This could contribute to downward pressure on oil prices if demand does not keep pace, affecting WTI and overall commodity sentiment. Traders should watch for how this news interacts with global demand dynamics and other supply factors.

Energy · last 90 days

Recent headlines that moved markets

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

Energy prices fell following Russian President Putin's more conciliatory comments.

ENERGY/1 Sept · 16:17 UTC

Initial reports of an American attack on Iran, reports i24's Stein.

- Brent (V6), after we published+1.2%

ENERGY/27 Aug · 17:46 UTC

The Trump administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, reports WSJ citing sources

Brent crude, after we published+1.4%

ENERGY/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

Brent crude, after we published−2.4%

ENERGY/2 Sept · 18:19 UTC

US President Trump says renewed campaign against Iran will not continue for too long; oil prices will come down.

Brent (V6), after we published−0.8%

ENERGY/2 Sept · 11:13 UTC

Saudi Foreign Ministry says it has urged all parties to remain calm, halt escalations and respect international law and return to negotiations

WTI crude, after we published−0.6%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.