Organization of Petroleum Exporting Countries

For the first time in 40 years, the U.S. government has officially allowed the shipment of as much as a million barrels per day of ultra-light crude, also known as condensate essen

In a move aimed at halting illegal mining as well as boosting the country’s gold reserves, Venezuelan President Hugo Chavez has announced plans of taking over Venezuela’s l

The International Energy Agency (IEA) announced on Thursday, the release of 60 million barrels of oil from global reserves. Primarily being touted as a move to counter the oil shor

An organization known for the high value they place on consensual decision-making, OPEC admitted after the cartel’s meeting that they had left output levels unchanged due to lack

The Organization of Petroleum Exporting Countries (OPEC), scheduled to convene in Vienna on Wednesday, is likely to face significant pressure towards increasing output, in a meetin