Following the discovery of massive oil reserves in the Atlantic, Brazil has established itself as one of the world’s major producers. On Tuesday, Brazilian Energy Minister Alexandre Silveira announced that the government of Lula da Silva had decided to formalize Brazil’s accession to the Organization of the Petroleum Exporting Countries Plus (OPEC+). RELATED: UAE Defends […]

‘What we are doing as a group is ensuring that this product is available to consumers at a fair price,’ Minister Al Mazrouei said. On Wednesday, the United Arab Emirates’ Energy Minister, Suhail al Mazrouei, defended the policy of the Organization of the Petroleum Exporting Countries (OPEC) against pressure from U.S. President Donald Trump to […]

The meeting, attended by Foreign Minister Ivan Gil and Vice President Delcy Rodriguez, highlighted the objective of strengthening ties between Venezuela and China to build a more promising future. Related: Venezuelan FANB Pledge Unwavering Loyalty to President Maduro This Friday, the President of Venezuela, Nicolás Maduro, met with a delegation from the Chinese government led […]

Over the past five years, U.S.-EU pressure measures have impacted the Venezuelan GDP by US$642 billion. In October, the state-owned company Petroleos de Venezuela (PDVSA) increased its average production to reach 989,000 barrels per day (bpd), marking a 4.8 percent increase compared to the 943,000 bpd produced in September. RELATED: Venezuela Approves Reform of the […]

‘Venezuela can do more with the strength and energy that I saw with my own eyes today,’ he stated In an interview with teleSUR on Monday, the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, warned that “the world will need much more energy” by 2050, as an increase in energy […]

The Venezuelan oil industry revitalization occurs at a time when geopolitical events force the U.S. to reconsider its policies. The resurgence of Venezuela as one of the world’s leading crude oil producers makes this South American nation a key player in global energy stability given that its production contributes to the predictability of international price […]

Currently, this country has the largest proven oil reserves, approximately 300.8 billion barrels. On Wednesday, the Organization of the Petroleum Exporting Countries (OPEC) published a report showing that Venezuelan oil production averaged 904,000 barrels per day (bpd) in the second quarter. RELATED: Brazil’s President Lula hopes for Venezuela’s Quick Return to Mercosur This figure represents […]

Since October 2022, OPEC is responsible for around 40 percent of the global crude oil supply. On Sunday, the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, decided to maintain the production quotas for its members in 2025, extending the current output cuts. RELATED:  OPEC Conveys Condolences to […]

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 […]

On this May Day it is timely to share an article by OPEC Secretary General, H.E. Haitham Al Ghais, released last Monday on the role of the oil and gas industry in global employment. RELATED: Oil Security Is Vital for All “A job is never just a number on a spreadsheet. Behind every job is […]