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US Eases Sanctions on Venezuela, Clears Path for Oil Firms to Resume Operations
14 Feb 2026 03:10 GMT
… international oil companies to resume oil and gas operations in the OPEC member … capital into Venezuela’s oil and gas sector. However, such … investment into Venezuela’s oil and gas sector, aiming to … world’s largest proven crude reserves.
U.S. Energy Secretary …
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Some OPEC+ Members See Scope to Resume Hikes in April
13 Feb 2026 15:04 GMT
… America to Kazakhstan, drove oil prices to a strong start … - Scroll to continue
Oil inventories piled up last year … reserves.
Last April, the Saudis stunned crude traders by steering OPEC … Feb. 3 that OPEC+ expects global oil demand to grow gradually …
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Nigeria Misses OPEC Oil Quota For Sixth Consecutive Month
13 Feb 2026 11:56 GMT
… Oil Market Report (MOMR) from the Organisation of Petroleum Exporting Countries (OPEC … the 1.5 million bpd OPEC ceiling. The country has not … , condensates are not counted toward OPEC quotas.
Moving forward, the NNPC … the nation’s foreign exchange reserves.
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Libya Awards First Oil, Gas Exploration Bid Round in 17 Years
12 Feb 2026 01:57 GMT
… Libya awarded its first oil and gas exploration and production … political turmoil.
The National Oil Corporation (NOC) announced Wednesday … Gaddafi, Libya’s oil and gas sector has struggled with … of OPEC and holds Africa’s largest proven hydrocarbon reserves, …
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Why Is Crude Oil Trending Higher?
12 Feb 2026 20:40 GMT
… increased U.S. and OPEC production, and the potential … proven and probable petroleum reserves, the rising potential for … a global oil and gas crisis, causing crude oil prices to … resistance level could send crude oil prices substantially higher. Meanwhile …
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OPEC+ Oil Production Falls by 439,9000 Bpd
12 Feb 2026 18:01 GMT
… in its Monthly Oil Market Report (MOMR).
Total OPEC+ crude oil production averaged … considerable.
Apart from non-OPEC’s Kazakhstan, OPEC’s producers Iran and … the world’s largest crude oil reserves.
The unplanned outages and lower …
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Nigeria Oil Production Climbs to 1.459m Bpd in January 2026 but Misses OPEC Target
12 Feb 2026 10:35 GMT
… recent Monthly Oil Market Report from OPEC, Nigeria started … has gradually recovered, ongoing oil theft, pipeline sabotage, … foreign exchange earnings, oil remains a cornerstone of … outside reserves and preserving financial stability.
In January, OPEC and …
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Nigeria crude oil output rises to 1.459m bpd in January 2026
12 Feb 2026 10:21 GMT
… sourced through direct communication between OPEC and Nigerian authorities.
Nigeria’s …
Beyond Nigeria, OPEC reported that total crude oil production by Declaration … pressure on external reserves, and aid budget implementation.
Crude oil exports remain …
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Venezuela’s oil sector remains uninvestable
12 Feb 2026 08:51 GMT
… the Petroleum Exporting Countries (OPEC), helping to redefine oil markets. However, over … country’s immense extra-heavy oil reserves. In response, Perez, during his … assert more control over their reserves. Host governments worldwide began tightening …
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Substantial oil surplus expected to persist through 2026
12 Feb 2026 04:42 GMT
… are expected to dominate non-OPEC+ oil production growth through 2030, potentially … globally in shale gas resources and fourth in shale oil resources, and … the holding of strategic petroleum reserves a legal obligation for both …