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 ...

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 ...

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

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 ...

President Donald Trump threatens a 25% tariff on any nation purchasing oil and gas from Venezuela, ratcheting up his dispute ...