Bringing Venezuela’s output under U.S. control has the potential to disrupt the power balance in the world market.

The prospect of increased U.S. influence over Venezuela’s oil industry is raising questions about Washington’s potential ...

Oil made headlines for plummeting prices in 2020 due to the impact of COVID-19. Here, we review what happened to oil prices ...

Eight OPEC countries met virtually on January 4 'to review global market conditions and outlook', a statement posted on ...

OPEC production remained stable during December 2025, as a decline in Venezuelan supplies to a two-year low was offset by ...

Forecasters like the International Energy Agency are predicting a record glut next year, and even Opec’s secretariat — ...

OPEC's oil output fell in December due to lower supply from Iran and Venezuela, which offset an OPEC+ agreement to raise ...

Global oil markets are again showing the impact of emotions and misinterpretation. The so-called surprise production increase taken by eight (8) leading members of OPEC is, in principle, not relevant ...

Donald Trump called on OPEC to lower the cost of oil during his speech at Davos. But lower crude prices could hurt US producers, cutting into profitability. OPEC has been holding off increasing supply ...

April 3 (UPI) --Eight OPEC oil-producing nations Thursday agreed to boost crude oil production beginning in May. OPEC said in a statement that Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. Production from November 2025 to December 2026 appears ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. The World’s April oil production decreased by 422 kb/d ...