Bringing Venezuela’s output under U.S. control has the potential to disrupt the power balance in the world market.

Former OPEC president Diezani Alison-Madueke appeared in a London court on Monday, ahead of her full trial on bribery charges ...

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 ...

US regime-change plays in Venezuela and Iran suggest Trump wants sway over the global oil market to shape geo-economic ...

The Organization of Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production dropped to 1.42 million barrels ...

By Steve Holland and Jarrett Renshaw WASHINGTON, Jan 14 (Reuters) - President Donald Trump said on Wednesday that he believes ...

Fears of fresh escalation in Syrias war coupled with compliance with a pledge by the OPEC cartel and Russia to limit production are keeping oil prices at current high levels, the International Energy ...

OPEC’s grip on oil pricing is being challenged not by another producer, but by US political authority, with Venezuela ...

President Donald Trump said that he believes it would be better for Venezuela to remain in the Organisation of the Petroleum ...

NEW YORK — A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to a small boost in oil production, citing a steady global economic outlook. The group said ...

A group of countries that are part of the OPEC+ alliance of oil-exporting countries has agreed to a small boost in oil production, citing a steady global economic outlook. The group said after a ...

The cartel projects demand will rise by 1.34 million barrels a day next year, slightly below its estimate for 2026.