This is Washington's latest move to increase pressure on Nicolas Maduro's government, targeting its main source of income.

Wood Mackenzie, a global research and consulting firm, estimates that improvements and investments in Venezuela's infrastructure could lift its oil output to roughly 2 million barrels a day - in one ...

Iraq’s Oil Ministry has revealed that it has sent out exclusive invitations to several major U.S. energy firms to develop the ...

Oil prices were little changed on Monday as concern over Russia and the Middle East were countered by oversupply jitters. Brent crude oil futures dipped 55 cents, or 0.8%, to $66.13 per barrel by 1241 ...

HOUSTON (Reuters) -Oil prices rose $1 on Thursday after drones struck Iraqi Kurdistan oil fields for a fourth day, pointing to continued risk in the volatile region. Brent crude futures settled at $69 ...

The global oil market is a point of major focus after the U.S. attacked three key Iranian nuclear sites over the weekend. Oil prices are expected to rise following what President Donald Trump called ...

FOR THE past two years, the Middle East has been an even more tense place than usual. Houthis bombed commercial vessels; Israel began extensive military campaigns in Gaza and Lebanon; Iran and Israel ...

Oil exports made up 91% of Iraq’s $107 billion federal revenue in 2024, exposing the country to extreme oil price volatility. The International Monetary Fund urged Iraq to adopt urgent reforms, noting ...

For countries that depend heavily on oil revenue, dropping prices are worrisome. By Neil MacFarquhar Oil producing countries are bracing for a bumpy ride this year, with a precipitous drop in prices ...

Iraq, OPEC's second-largest producer, plans to cut its oil-price assumption in the federal budget after the market plunged. Iraq, OPEC’s second-largest producer, plans to cut its oil-price assumption ...

For most of this decade, the OPEC+ alliance has been the world’s most stalwart defender of high oil prices. In just a few moments last week, that role reversed dramatically. In a video conference on ...

April 3 (UPI) --Eight OPEC oil-producing nations Thursday agreed to boost crude oil production beginning in May. OPEC said in a statement that Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, ...