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

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

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

Four key Opec+ producers have pledged to deepen their compensation cuts in the first half of 2026 as the organization looks ...

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 ...

China now drives short-term oil price moves as its opaque import patterns, refinery margins, and strategic stockpiling ...

OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC ...

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

Forbes contributors publish independent expert analyses and insights. Making wealth creation easy, accessible and transparent. OPEC controls 40% of the world’s oil production and accounts for 60% of ...

FILE - Saudi Arabia's Crown Prince Mohammed bin Salman, left, talks with Russian President Vladimir Putin, right, during the G-20 summit event on the Digital Economy in Osaka, Japan, on June 28, 2019.