oil production

US to Control Venezuelan Oil Sales Indefinitely, Chris Wright Confirms Plan for Crude Revenue

US to Control Venezuelan Oil Sales Indefinitely, Chris Wright Confirms Plan for Crude Revenue

US Energy Secretary Chris Wright confirmed the United States will control Venezuelan oil sales indefinitely, managing crude flow and revenue…

January 8, 2026

OPEC+ Opts for Modest Output Hike as Oil Prices Rise 1% Amid Global Economic Concerns

Oil prices climbed about 1% on Monday after OPEC+ announced a smaller-than-expected production increase of 137,000 barrels per day for…

October 6, 2025