Changes to how economies are measured will reflect the depletion of fossil fuel reserves, affecting big players ...

Here’s a look at the Organization of the Petroleum Exporting Countries, headquartered in Vienna, Austria. Facts The purpose ...

Crude oil prices jumped following US President Donald Trump’s announcement that he would impose 25% tariffs on Venezuela’s ...

By keeping these companies private, countries maintain some authority over the production, sales, and expansion of valuable oil reserves. If made public, shareholders would own the company and ...

Venezuela boasts some of the largest crude oil reserves in the world ... creating higher prices for American consumers. Among those countries that purchase Venezuela’s oil products — and ...

This will require both technical and economic derisking to ensure returns on investment Uganda is part of the 14 Eastern ...

Q&A with Mike Verney, executive vice-president, McDaniel & Associates By Deborah Jaremko New analysis commissioned by the ...

In a Truth Social post, Trump said Venezuela has been “very hostile” to the U.S. and countries purchasing oil from it will be forced to pay the tariff on all their trade to the U.S. starting ...

Together, OPEC members control about 79.09% of the world’s total proven crude reserves. OPEC member countries monitor the market and decide collectively to raise or lower oil production in order ...