Trump announces major oil deal with Venezuela
The United States has reached a deal with Venezuela that grants American companies majority control over more than 65 billion ...
Tag: OPEC
United States Nears Agreement to Acquire Stake in Venezuelan Oil Fields
What You Need to Know • U.S. President Donald Trump’s administration is negotiating a long-term oil deal with Venezuela. • ...
Xi Jinping to visit Kyrgyzstan and Egypt
Chinese President Xi Jinping will attend the Shanghai Cooperation Organisation (SCO) summit in Bishkek before visiting Egypt from August 30 ...
OPEC+ Countries Announce Expansion of Monthly Oil Production
What You Need to Know • OPEC+ announced on July 6, 2026, that seven member countries will increase oil output ...
Seven OPEC+ Countries Agree to Modestly Expand Monthly Oil Production as Prices Decline
What You Need to Know • OPEC+, including Saudi Arabia and Russia, will increase oil production by 188,000 barrels per ...
Iraqi Oil Ministry denies OPEC exit rumors and calls for output quota review
Iraq's Oil Ministry has refuted claims that Baghdad is considering withdrawing from OPEC, following a Bloomberg report suggesting the country ...
Iran’s Actions in Strait of Hormuz Could Lead to Pariah Status
Analyst Alexandru Hudisteanu has cautioned that Iran's frequent use of the Strait of Hormuz as a bargaining chip may risk ...
Qatar willing to negotiate temporary charges: GCC News
Deputy Prime Minister Sheikh Saoud bin Abdulrahman bin Hassan bin Ali Al Thani of Qatar stated at the Shangri-La Dialogue ...
Will Algorithms Replace OPEC in Global Oil Markets?
For decades, energy diplomacy in the Middle East has been defined by oil, geopolitics, and security, with oil-producing nations influencing ...
UAE’s Exit from OPEC: Analyzing the Structural Forces
The United Arab Emirates (UAE) has officially withdrawn from the Organization of the Petroleum Exporting Countries (OPEC) following ongoing disputes ...
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