Venezuela's oil production outlook this year will depend on how U.S. sanctions policy evolves, Goldman Sachs analysts said, after U.S. President Donald Trump deposed Venezuelan President Nicolas Maduro.

According to the U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released recently, the world produced an average of 76.10 million barrels of crude oil per day in the third quarter of 2024. That compares ...

For decades, Africa’s natural resources have been a cornerstone of the global oil market, with the Organisation of the Petroleum Exporting Countries (OPEC) recognising the continent’s critical contributions. With vast oil reserves spanning deserts ...

Argentina has achieved a new production record of 816,144 barrels of crude oil per day in August 2025, largely due to the Vaca Muerta shale formation, securing its position as Latin America's fourth-largest crude oil producer. The Vaca Muerta shale's well ...

According to the U.S. Energy Information Administration’s (EIA) latest short term energy outlook (STEO), which was released earlier this month, the U.S. will produce 13.45 million barrels of crude oil, including lease condensate, per day in the second ...