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.

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.

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.