Most oil production comes from Orinoco Belt; actual output still behind historical peak daily production capacity - Anadolu ...

Oil prices slipped more than 10% in 2025, with Brent heading for its longest stretch of annual losses ever, as supply ...

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending ...

Oil prices are forecasted to face a glut in 2026, forcing OPEC+ to maintain production cuts against global supply and ...

Oil is the cornerstone of the modern global economy. Despite attempts to divert away from fossil fuels and embrace green energy alternatives, the world marked its highest annual oil consumption in ...

Enforcing sanctions can foil U.S. plans for low energy prices The U.S. continues to show it's serious about punishing Iran for its nuclear ambitions and support for terrorism, but tighter sanctions on ...

After announcing a naval blockade and seizing two oil tankers, the Donald Trump administration has now ordered U.S. military ...

Crude oil futures are rising Monday after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday extended their output cuts by one month.

The Iraqi Oil Ministry aims to transform Iraq into an exporter of oil products by expanding refining projects.

"The administration is pushing for $40 per barrel crude oil, and with tariffs on foreign tubular goods, [input] prices are up, and drilling is going to disappear," one survey respondent said. "The oil ...

President Trump on Thursday threatened to slap secondary sanctions and cut off business with foreign countries that purchase Iranian oil products, hours after planned nuclear talks with Tehran were ...

Are lower oil prices good news? Not really, if it means the world is sinking into recession. We know from recent past experience and from common sense that higher oil prices are a drag on oil ...