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    • OPEC Oil Reserves

OPEC Oil Reserves Newsletter
  • 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 …

  • 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 …

  • 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.

  • 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, …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

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