By Steve Holland and Jarrett Renshaw WASHINGTON, Jan 14 (Reuters) - President Donald Trump said on Wednesday that he believes it would be better for Venezuela to remain in the Organization of the Petroleum Exporting Countries,

The eight OPEC+ members, ⁠which ‌pump about half the world's oil, raised production quotas by about 2.9mln barrels per day from April through December 2025, roughly 3% of global deman

Before he became America’s president, Donald Trump wasn’t a huge fan of OPEC. In fact, he devoted a section of his 2011 book “Time to Get Tough” to assailing the cartel for unfairly fixing oil prices, and he supported legislation that would have ...

US regime-change plays in Venezuela and Iran suggest Trump wants sway over the global oil market to shape geo-economic outcomes. But oil is fungible and a supply squeeze won’t grant the US geopolitical leverage.

Rising oil output from the Americas and potential U.S. control over Venezuela’s reserves threaten to weaken OPEC’s influence on global oil supply and pricing. A recovery of Venezuela’s oil sector would require massive investment and legal certainty.

U.S. producers remain cautious despite political support, sticking to capital discipline amid weak prices, oversupply fears, and post-Trump policy uncertainty.

Eight major participants, spearheaded by Saudi Arabia and Russia, reconfirmed the suspension — initially established in November 2025 — via a Sunday video summit

US president declines to say whether he plans Venezuela-like operation, after Tehran signalled it was ready for talks