In recent years, the global oil market has been impacted significantly by COVID-19 disruptions, price wars between oil-producing nations, Russia's war in Ukraine and the conflicts in the Middle East.

Kuwait Production: 2.91 million barrels per dayLast on this list of the top 10 oil-producing countries is Kuwait, which produced 2.91 million barrels per day in 2023.

Oil-Producing-Countries News: Additional Sanctions Possible For Russian Oil Tankers, Improved Security Lifts Nigeria's Oil Output, Euronav's Loss Deepens As. Tuesday, June 10, 2025.

Oil producing countries are bracing for a bumpy ride this year, with a precipitous drop in prices to the lowest levels in four years seen as the initial, alarming sign of looming turmoil.

JPMorgan says there's about a one in five chance that disruptions to oil production in the Persian Gulf send prices spiraling ...

Oil remains a critical global resource, fueling economies and driving technological advancement. Some of the top oil-producing countries play a pivotal role in the world’s energy landscape.

OPEC+'s "adjustment" of 411,000 barrels per day for May - increasing oil output by three times more than previously planned for that month - helped pull U.S. benchmark oil prices (CL.1) down to ...

A group of oil-producing countries known as OPEC+ will proceed with a long-delayed hike in oil production. Eight countries that have repeatedly delayed production increases will now move forward ...

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.85 during the early Asian trading hours on Tuesday. The WTI price edges lower amid oversupply concerns triggered by the ...