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 ...

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 ...

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

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 ...

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 ...

HOUSTON (Reuters) -Oil prices gained 1% on Monday as U.S. President Donald Trump said he will impose a 25% tariff on countries that buy oil and gas from Venezuela. Price gains were capped ...

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