OPEC+ decided to keep oil output unchanged through the first quarter, opting for stability as markets brace for a growing supply surplus and uncertainty mounts over whether the U.S. seizure of Venezuelan leader Nicolás Maduro will disrupt crude flows.

The OPEC country's oil exports, its main source of revenue, are now at a standstill following a US blockade on tankers under sanctions and the seizure of two oil cargoes

Oil prices inched up on Monday as investors weighed whether political upheaval in OPEC member Venezuela would disrupt shipments after U.S. President Donald Trump seized Venezuelan President Nicolas Maduro,

OPEC+ is expected to reaffirm its decision to keep oil production steady through the first quarter of 2026 when key members meet on Sunday

Oil producers inside and outside the Organization of the Petroleum Exporting Countries are quietly shifting from restraint to expansion, lifting output even as demand signals look uneven. The result is a world where OPEC is no longer just defending prices,

Trump said on Saturday that the oil embargo on Venezuelan exports remained in full effect. If the U.S. government loosens the embargo and allows more Venezuelan crude exports to the U.S. Gulf, there are refiners there that previously processed the country's oil.

The OPEC+ alliance is expected to confirm it will hold oil production steady through the first quarter of 2026, despite a recent public spat between top members Saudi Arabia and the United Arab Emirates over their opposing roles in Yemen.

Iraq is seeking to increase its OPEC oil quota by 300,000 bpd, potentially generating $10 billion annually to bridge the budget deficit, says advisor Mazhar Saleh.

OPEC+ faces a major oil oversupply in 2025, challenging production increases. The coalition has tried to boost oil prices by holding back output. Instead, members are ceding control to non-OPEC producers, such as the US. OPEC's position in the oil market ...

Forbes contributors publish independent expert analyses and insights. Making wealth creation easy, accessible and transparent. OPEC controls 40% of the world’s oil production and accounts for 60% of internationally traded oil. This gives the organization ...

Oil prices are forecasted to face a glut in 2026, forcing OPEC+ to maintain production cuts against global supply and geopolitical uncertainty.