Venezuela is likely to retain its seat in OPEC even if U.S. President Donald Trump successfully forces a change of government in the oil-rich country, as the U.S. is seeking to bolster its alliance with the cartel even as it expands its own sphere of influence.

KUWAIT (Reuters) -Kuwait's oil minister Tariq Al-Roumi said on Thursday that OPEC is closely monitoring global oil supply, demand trends, and U.S. President Donald Trump's recent remarks on Russian oil. "Through OPEC, we are monitoring the market in terms ...

Way back in May of 2023, and repeatedly throughout his campaign afterward, Donald Trump claimed that as president he would end the war in Ukraine within 24 hours of taking office. That deadline having come and gone, of course, it’s time for him to start ...

Tensions between Venezuela and the United States have escalated sharply after Vice President Delcy Rodríguez accused Washington of plotting to seize Venezuela’s vast oil reserves. Speaking at OPEC’s second ministerial conference,

US President Donald Trump on Wednesday urged OPEC members not to slash production at their upcoming meeting, saying global oil prices should remain low. US President Donald Trump has repeatedly warned the Organization of Petroleum Exporting Countries not ...