The U.S. has stopped oil extraction from its Strategic Petroleum Reserve for the first time due to tensions with Iran. Meanwhile, the DOE approved 4 million barrels of additional oil, and BP's Azeri Deepwater Reservoir project reached 11.8 million tons. Oil markets are monitoring refinery operations, shipments, and SPR transactions following storm effects. Bacalhau marked its first year of production, while Petrobras signed to partnerships for Berbigão and Sururu shared reservoirs.