President Trump said U.S. oil companies would spend billions of dollars in Venezuela to fix its oil infrastructure after the U.S. captured Venezuelan President Nicolás Maduro. Photo: Jonathan ...

LONDON/MOSCOW, Nov 30 (Reuters) - OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026 at its meetings on Sunday as the group slows down its push to regain market share amid ...

With the OPEC+ production hikes, Saudi Arabia may have reached its maximum sustained output capacity, setting up for a repeat of the 2008 failure to increase output when called on. Despite what ...

Oil majors are likely to struggle to protect shareholder payouts over the coming months amid a weaker crude price environment, analysts told CNBC. “Many will look to reduce costs and capital spending ...

Saudi Aramco can sustain maximum crude oil output capacity of 12 million barrels per day (bpd) for a year at no additional cost, Reuters reported, citing Aramco CEO Amin Nasser. Speaking at ...

Lawmakers, regulators, and key players in Nigeria’s oil and gas industry are set to converge on Abuja for the maiden edition of the House Committee on Petroleum (Downstream) Week, a high-level ...

According to oil analysts, the organization appears to have hit its production limit, as it has consistently failed to meet its targets. Despite Russia, the world’s second-largest oil producer, ...