The 9th OPEC International Seminar, done on July 9 and 10 in Vienna, Austria, established itself as one of the most significant events for the global energy industry in 2025. RELATED: OPEC+ Expects to Boost Global Oil Market Share to 52% by 2050 This assembly brought together OPEC member countries, participants of the OPEC+, Declaration […]

The combined output of the 12 OPEC members and their 10 allied producers is projected to rise to 64.1 million barrels per day. On Thursday, the Organization of the Petroleum Exporting Countries (OPEC) released “World Oil Outlook 2025” (WOO 2025), an annual report stating that OPEC+ expects to increase its share of the global oil […]

Vice President of Venezuela, Delcy Rodríguez, warned at the International Economic Forum in Saint Petersburg about the threat that the conflict between Iran and Israel poses to global energy supply stability. RELATED: Venezuela and Russia Deepen Strategic Partnership: Economic and Tourism Cooperation Highlighted at St. Petersburg Forum During the Energy Panel, Rodriguez denounced that Iran, […]

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 […]

Venezuela’s Executive Vice President, Delcy Rodríguez, met on Monday with the secretary general of the Organization of Petroleum Exporting Countries (OPEC+), Haitham al-Ghais, to review current events in the international energy market. RELATED:Venezuela Stands in Solidarity with the Peoples of Palestine and Lebanon in Face of Israeli Aggression The operation of OPEC+ statutes and future […]