Crude prices are low. Companies are being cautious. But huge reserves — particularly of the heavy, viscous oil Venezuela has ...

Venezuela sits on 303 billion barrels of oil—more than Saudi Arabia. So why does it pump less than 1% of global supply? The ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. The World’s May oil production decreased by 6 kb/d to 83 ...

Discover the top Russian oil companies by oil production volume and their domestic and international business operations.

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. The World’s April oil production decreased by 422 kb/d ...

Nicolás Maduro has accused the U.S. of attacking Caracas in an attempt to take control of its natural resources.

There’s a record 1.4 billion barrels of crude currently on the world’s oceans, pushing down benchmark prices and sending gasoline under $3 a gallon at the pump in the US.

Eight producers, led by Saudi Arabia, will continue boosting production despite forecasts that supply will soon exceed demand. By Stanley Reed Eight countries that belong to the oil cartel known as ...

Several major oil-producing countries—including the UAE, Iraq, Saudi Arabia, Brazil, and Guyana—are expanding production despite global net-zero goals. Emerging producers like Namibia and booming ...

In a show of confidence in the market, the group, led by Saudi Arabia, said it would begin unwinding a further set of agreed cuts. By Stanley Reed Oil prices rose strongly on Monday even though a ...

Environmental experts are warning that the U.S. push to revamp and boost Venezuela’s vast oil reserves could worsen decades ...