The U.S. has halted oil extraction from its Strategic Petroleum Reserve initially due to tensions with the Iranian government. Meanwhile, the DOE sanctioned 4 million barrels of additional oil, and BP's Azeri Deepwater Reservoir project reached 11.8 million tons. Oil markets are watching production levels, shipments, and SPR transactions following Hurricane impact. Bacalhau marked its anniversary of production, while Petrobras signed to deals for Berbigão and Sururu joint projects.