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

Oil prices climbed ​and settled at seven-week highs on Monday on worries that Iran's exports could decline as the sanctioned OPEC member cracks ‌down on anti-government demonstrations.

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 has often called on to lower crude prices.

Iran called on its OPEC peers to take united action against harsher enforcement of U.S. sanctions. Iran's weak position within OPEC and the broader Middle East makes stringent measures against the U.S. and its allies unlikely. A worst-case scenario for the ...

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

OPEC on Monday cut its oil demand growth forecast for 2025 and 2026 as President Donald Trump's tariffs weigh on global economic growth. The cartel now sees demand for crude growing by 1.3 million barrels per day this year and next year, down about 150,000 ...

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 to be on a plateau at close to 84,000 kb/d. World oil ...

US President Donald Trump’s actions to take control over Venezuelan oil resources may pose the biggest challenge to the grip the Organisation of Petroleum Exporting Countries (Opec) currently has on the global oil market, says Nigel Green, CEO of the deVere Group, an international financial advisory firm.