Escalating tensions involving Iran raise fears of oil supply disruption and global price shocks linked to the Strait of Hormuz.

Venezuela, home of one world’s largest oil reserves, has long been a key player in the global energy market. However, years of U.S. led economic sanctions have severely impacted its oil sector, restricting production, exports, and foreign investment. Despite these challenges, the Venezuelan government has maintained a steadfast commitment to revitalizing its oil industry while […]

On Monday, Haitham al Ghais, the Secretary of the Organization of the Petroleum Exporting Countries (OPEC), extended its condolences on the passing of Iranian President Ebrahim to his family and the Iranian nation. RELATED: President Maduro Expresses Condolences to the Iranian People “It is with great sadness and deep sorrow that we has read the […]