OPEC Archives - Energy Analytics Institute (EAI)

OPEC+ to adjust production, reaffirms commitment to market stability

VIENNA, AUSTRIA (By OPEC, 11.Mar.2026, Words: 294) — The 8 OPEC+ countries, which previously announced additional voluntary adjustments in Apr. and Nov. 2023, namely Saudi Arabia, […]

EAI brief: Marco Rubio says Venezuela must hold “free elections”

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 25.Feb.2026, Words: 118) — US secretary of state Marco Rubio stated Venezuela must hold free elections as […]

EAI brief: US energy secretary Chris Wright touches down in Maiquetía

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 11.Feb.2026, Words: 146) — US energy secretary Christopher Wright touched down in Simón Bolívar International Airport in […]

Venezuela approves partial reform of the Organic Hydrocarbons Law [photo journal]

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 29.Jan.2026, Words: 177) — Venezuela’s legislative branch of the National Assembly approved the partial reform of the […]

Venezuela’s Delcy Rodriguez delivers annual message to nation, comments on Chevron, oil

BOGOTÁ, COLOMBIA (By Ana Sanches, Energy Analytics Institute, 15.Jan.2026, Words: 258) — Venezuela’s acting president Delcy Rodríguez reiterated the Caribbean country’s sovereign foreign policy was […]

EAI brief: uncertain headwinds still face foreign investors and FDI in Venezuela’s oil sector

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 9.Jan.2026, Words: 276) — Venezuela – a founding member of the Organization of Petroleum Exporting Countries or […]

Trump Says US to Be ‘Strongly Involved’ in Venezuela Oil Industry

WASHINGTON, DC (By Peter Aitken, Newsweek, 3.Jan.2026, Words: 810) — President Donald Trump told Fox News on Saturday the United States will aim to be “strongly […]

EAI brief: Venezuelan oil tanker pursued by US Coast Guard

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 22.Dec.2025, Words: 109) — The oil tanker Bella 1 is being pursued in international waters near Venezuela […]

Ambassador Moncada on US claims to Venezuelan oil reserves, gunboat diplomacy

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 17.Dec.2025, Words: 824) — Venezuela’s permanent representative to the United Nations Samuel Reinaldo Moncada Acosta denounced what […]

EAI brief: Venezuela denounces US force against private oil vessel

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 16.Dec.2025, Words: 121) — On Dec. 2025, the US president Donald Trump ordered use of military force […]

Reuters: Venezuela’s oil exports surpass 900,000 b/d despite US pressure, data shows

HOUSTON, TEXAS (By Marianna Parraga, Reuters, 3.Dec.2025, Words: 341) — Venezuela’s oil exports rose slightly to some 921,000 barrels per day (bpd) in November, the […]

OPEC urges accurate coverage of its reports

VIENNA, AUSTRIA (By OPEC, 17.Nov.2025, Words: 261) — With reference to the Reuters article, dated 13 Nov. 2025, titled ‘Oil extends losses on US inventory […]

8 OPEC+ countries reaffirm commitment to market stability

VIENNA, AUSTRIA (By OPEC, 5.Oct.2025, Words: 286) — The 8 OPEC+ countries, which previously announced additional voluntary adjustments in Apr. and Nov. 2023, namely Saudi […]

EAI brief: Venezuela boasts 1.4% uptick in monthly oil production [tables]

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 12.Aug.2025, Words: 133) — Venezuela boasted an 1.4% increase in its monthly oil production, according to […]

Eight OPEC+ countries eye 547,000 b/d production adjustment [table]

VIENNA, AUSTRIA (By OPEC, 3.Aug.2025, Words: 294) — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their commitment to market stability on […]

Venezuelan oil production holding steady above the new 900,000 b/d floor [tables]

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 15.Jul.2025, Words: 193) — Venezuela’s crude oil production is holding steady just above what is seemingly […]

EAI brief: Brazil’s economic momentum remains robust, while US tariff uncertainties linger

SALVADOR, BRAZIL (By Pedro Silva, Energy Analytics Institute, 15.Jul.2025, Words: 426) — The Brazilian economy entered 2025 with strong momentum. And, while some deceleration in […]

Venezuela’s Rodríguez highlights the importance of energy trilemma at OPEC seminar

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 14.Jul.2025, Words: 144) — Venezuela’s executive vice president and head of the Ministry of Hydrocarbons Delcy […]

PDVSA oil sales abroad hit $17.5bn in 2024 as exports jump

HOUSTON, TEXAS (By Reuters, 11.Jul.2025, Words: 84) — Venezuelan state-run PDVSA‘s oil sales abroad in 2024 stood at $17.52 billion, according to a results document […]

OPEC sees global oil demand at almost 123 MMb/d in 2050

BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 10.Jul.2025, Words: 263) — The 2025 OPEC World Oil Outlook (WOO), launched, at the 9th OPEC […]

Delcy Rodríguez talks energy market plans with OPEC general secretary Haitham Al Ghais

PANAMA CITY, PANAMA (By Piero Stewart, Energy Analytics Institute, 9.Jul.2025, Words: 225) — Venezuela’s executive vice president and head of the Ministry of Hydrocarbons Delcy […]

OPEC+ reaffirm commitment to market stability [table]

BATON ROUGE, LOUISIANA (By Steve Stewart, Energy Analytics Institute, 5.Jul.2025, Words: 309) — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman reaffirmed their […]

China leans in hard to assist Cuba from drilling wells to installing photovoltaic parks

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 31.May.2025, Words: 218) — Chinese companies and technicians have become a mainstay in Cuba and the island’s […]

Venezuela’s production averaged 888 Mb/d in Apr. 2025, according to OPEC

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 14.May.2025, Words: 164) — Venezuela’s crude oil production averaged 888 thousand barrels per day (Mb/d) in Apr. […]

OPEC+ countries commit to market stability, 411 Mb/d adjustment

HOUSTON, TEXAS (Ian Silverman, Energy Analytics Institute, 3.May.2025) — 8 OPEC+ countries — namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman — […]

JMMC notes overall conformity for OPEC and non-OPEC countries

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Apr.2025) — The 59th Meeting of the Joint Ministerial Monitoring Committee (JMMC), which took place via videoconference on […]

Goldman Sachs reduces price forecast, drops range amid downside risks

BATON ROUGE, LOUISIANA (Steve Stewart, Energy Analytics Institute, 3.Apr.2025) — Goldman Sachs reduced its Dec. 2025 forecasts for Brent and West Texas Intermediate (WTI) by […]

8 OPEC+ countries reaffirm commitment to market stability

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 3.Apr.2025) — 8 OPEC+ countries — Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman — reaffirmed […]

Venezuela’s energy minister Rodríguez says production normal

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 31.Mar.2025) — Venezuela’s crude oil production was normal at the end of Mar. 2025 and in accordance […]

Venezuela activates independence plan after sanctions against Chevron

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 4.Mar.2025, Words: 246) — Venezuela’s President Nicolás Maduro ordered activation of the “absolute productive independence plan” aimed […]

Venezuela flared 46% of its 3,895 MMcf/d of natural gas production in 2024

HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 21.Feb.2025, Words: 1,030) — Oil producing Venezuela, a founding member of the Organization of the Petroleum […]

OPEC Forecasts Slight Rise in Permian Oil Production in 2025

ATLANTA, GEORGIA (Chad Archey, Energy Analytics Institute, 12.Feb.2025) — The Organization of the Petroleum Exporting Countries (OPEC) is forecasting US tight crude production in the […]

NRGBriefs Jan. 2025: Golden Pass LNG, Chevron CEO on Argentina growth

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Energy briefs as well as others related to finance, economics, politics, and projects during Jan. 2025 […]

Nigeria Officially Joins BRICS as Partner Country

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 17.Jan.2025) — Nigeria formally joined BRICS as a partner country of the grouping. “With the world’s sixth-largest […]

Venezuela’s Maduro Says Oil Sector of OPEC Country Grew 14% in 2024

PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 15.Jan.2025) — Venezuela’s president Nicolás Maduro Moros said his country’s petroleum sector grew 14% in 2024 amid […]

Mexico’s production continues downward trend, falls 4.2% in 2024 v 2023

MEXICO CITY, MEXICO (By Fidencio Casillas, Energy Analytics Institute, 15.Jan.2025, Words: 191) — Mexico’s oil production averaged 1.586 million barrels per day (MMb/d) in 2024, […]

Brazil’s Liquid Production on Track to Average 4.2 MMb/d in 2024, 4.4 MMb/d in 2025

BELIZE CITY, BELIZE (Aaron Simonsky, Energy Analytics Institute, 15.Jan.2025) — Brazil’s total liquids production averaged 4.1 million barrels per day (MMb/d) in Nov. 2024, down […]

LatAm NRG heard: Keith Rowley exit, Venture Global IPO

HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 3.Jan.2025, Words: 253) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended […]

Venezuela’s Maduro says investment of up to $52bn procured from BRICS, others

CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 27.Dec.2024) — Venezuela’s president Nicolás Maduro assured that his Caribbean country has procured investments of up to $52bn […]

Venezuela’s Economic and Oil Production Strides in 2025 at Donald Trump’s Whim

(Pietro D. Pitts, Energy Analytics Institute, 23.Dec.2024) — The directional movements of Venezuela’s economy in 2025 will depend on Washington’s new man in charge, Donald […]

LatAm NRG Heard: Argentina’s GDP, Chevron Venezuela, Plan Mexico

HOUSTON, TEXAS (Editors at Energy Analytics Institute, 20.Dec.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 20 Dec. 2024. […]

S&P Global Publishes its Energy Outlook 2025

(S&P Global, 11.Dec.2024) — Analysts at S&P Global Commodity Insights, the leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the […]

LatAm NRG matters: USMCA review slated for 2026, Mexico US piped-gas imports

MEXICO CITY, MEXICO (By Energy Analytics Institute, 6.Dec.2024, Words: 652) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 6 […]

LatAm NRG matters: highlights, heard for the week ended 22 Nov. 2024

HOUSTON, TEXAS (Energy Analytics Institute, 22.Nov.2024) — LatAm NRG highlights, headlines and “heard on the street,” for the week ended 22 Nov. 2024. LATIN AMERICA […]

OPEC’s Al Ghais on Oil Demand Peaking by 2030

(Energy Analytics Institute, 13.Oct.2024) — OPEC Secretary General HE Haitham Al Ghais said that claims around oil demand peaking by 2030, or even dropping by […]

Saudi Arabia Eyes Boosting Production by 1 MMb/d

(Energy Analytics Institute, 4.Oct.2024) — Saudi Arabia looks to add around 1 MMb/d of production over the next 12-15 months to reach close to 10 MMb/d […]

Saudi Arabia Signals Oil Policy Shift

(The Washington Institute, 27.Sep.2024) — The kingdom anticipates and accepts lower oil prices, according to a news report, but the impact on other producers could […]

China Provides Some Respite as Oil Prices Rise

(Rystad, 24.Sep.2024) — Oil prices are on the rise again, but OPEC’s production cut unwinding still seems far off. Here is Rystad Energy’s oil macro […]

Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman Extend Cuts

(Opec, 5.Sep.2024) — The OPEC+ countries, which previously announced additional voluntary cuts in Apr. and Nov. 2023, including Saudi Arabia, Russia, Iraq, the United Arab […]

Election Results in Venezuela, Possible Routes Forward

(Rystad, 29.Jul.2024) —While the election in Venezuela may be over, the future is still not certain. There was a forgone conclusion that the incumbent government […]