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.

Discover the top 10 countries with the largest oil reserves, their OPEC status, production capabilities, and how political, economic, and technological factors influence their role in global energy.

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.

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 ...

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.