Total crude oil production from the OPEC+ alliance fell by 439,000 barrels per day in January, primarily driven by a significant drop in output from Kazakhstan. Kazakhstan’s production plummeted after ...
Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait ...
Rising oil output from the Americas and potential U.S. control over Venezuela’s reserves threaten to weaken OPEC’s influence on global oil supply and pricing. A recovery of Venezuela’s oil sector ...
The prospect of increased U.S. influence over Venezuela’s oil industry is raising questions about Washington’s potential future role in OPEC, the cartel of global oil producers that President Trump ...
The cartel pledged to increase output by 206,000 barrels a day from next month, and said that members would “closely monitor and assess market conditions.” By Eshe Nelson Reporting from London The ...
With Venezuela's oil slowly returning to global markets, the balance of power in energy markets is shifting. Experts say rising supply—from Venezuela and the wider Western Hemisphere—could put OPEC ...
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