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

The eight OPEC+ members - Saudi Arabia, Russia, the UAE, Kazakhstan, Kuwait, Iraq, Algeria and Oman - raised oil output ...

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

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

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

Control of Venezuela oil is shifting rapidly from boardrooms to governments’, says Nigel Green of deVere Group.

The OPEC+ alliance is expected to confirm it will hold oil production steady through the first quarter of 2026, despite a recent public spat between top members Saudi Arabia and the United Arab ...

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 ...

As a new oil trading year begins, here's why crude futures continue to trade at or near their lowest levels in five years, ...

NEW YORK — A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to a small boost in oil production, citing a steady global economic outlook. The group said ...

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 ...

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 May oil production decreased by 6 kb/d to 83 ...