The OPEC Monthly Oil Market Report (MOMR) covers major issues affecting the world oil market and provides an outlook for crude oil market developments for the coming year. The report provides a …

Jan 12, 2026 · Oil prices climbed and settled at seven-week highs on Monday on worries that Iran's exports could decline as the sanctioned OPEC member cracks ‌down on anti-government …

6 days ago · An abrupt surge in oil prices could cause inflation to rise and spark volatility in markets. Brent on Tuesday jumped to the highest level since November.

5 days ago · The United States has completed its first sale of Venezuelan oil, valued at $500 million, according to an administration official.

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The US has completed its first sale of Venezuelan oil since the US attached Venezuela and captured its president, Nicolás Maduro, earlier this month, according to an administration official.

5 days ago · Trump told reporters in the Oval Office that "we've been told that the killing in Iran is stopping. It's stopped. It's stopping, and there's no plan for executions."

Bessent said it would be a “big strategic shift” for multinational oil companies to invest in Venezuelan oil.

5 days ago · The Trump administration has completed its first Venezuelan oil sale, valued at $500 million, an administration official confirmed to The Hill on Wednesday. The official also said additional …