Keyword: opec
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“Trump has done so much damage to libtardery that the Democrats will need a decade of uninterrupted power to undo it, which they're not going to get.” —Matt Forney on X. If you learned anything from this week’s extravaganza in Beijing, it is that Donald Trump is aggressively re-aligning world relations so that the USA does not end up one of the losers in the global resource scramble that lurks darkly behind all current events. China does not intend to be an eventual loser, either, though it has lost a lot of traction lately. The Eurolands are certainly the main...
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These figures are based on annualized data from January to November 2025, compiled by the U.S. Energy Information Administration (EIA) and reported by Visual Capitalist and other sources. The United States is the world’s largest oil producer, followed by Russia and Saudi Arabia, with the top 10 countries supplying over 70% of global crude oil.United States 16.1%Russia 11.7%Saudi Arabia 11.3%Canada 5.9%Iraq 5.2%China 5.1%Iran 5.0%United Arab Emirates 4.5%Brazil 4.4%Kuwait 3.1%
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Venezuela’s oil exports rose to 1.23 million barrels per day (bpd) in April, the highest level since 2018, as shipments to the United States, India, and Europe accelerated. Exports climbed 14% from March levels, according to shipping data and PDVSA documents, with 66 cargoes leaving Venezuelan ports during the month. That compares with 61 vessels in March carrying about 1.08 million bpd. Since the January capture of Nicolas Maduro and the installation of an interim government, Washington has eased sanctions and taken control of Venezuelan oil sales. That shift has reopened access for trading houses and joint-venture partners, including Chevron,...
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Senate Democrats on Tuesday tried to force a vote on a measure to prevent President Trump from launching a military attack on Cuba, as he repeatedly threatens action against the island. But Republicans blocked the procedural vote from moving forward, arguing that the U.S. isn't engaged in hostilities with Cuba. The issue is "moot," GOP Sen. Rick Scott of Florida said. Democrats are seeking to get ahead of the president on Cuba after he took unilateral action against Venezuela and Iran. The resolution was introduced in March by Democratic Sen. Tim Kaine of Virginia, who has also spearheaded the efforts...
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The shock announcement Tuesday comes after the UAE was the target of missile and drone attacks for weeks by fellow OPEC member Iran. Tehran’s attacks on shipping in the Strait of Hormuz has also severely constrained the UAE’s ability to export oil, threatening the foundation of its economy. The UAE has played an influential role in OPEC’s decisions over nearly six decades. It was the group’s third-largest oil producer in February behind Saudi Arabia and Iraq. The UAE’s OPEC membership originated with the Emirate of Abu Dhabi in 1967, seven years after the organization was founded. The UAE came to...
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The United Arab Emirates (UAE) is quitting the Opec and Opec+ groups of major oil producing nations next month after nearly 60 years of membership. The UAE said its decision would help it meet growing global energy demand in the long term after recent investments to boost its production capacity. It is seen as a blow to the cartel, with one analyst describing the exit as "the beginning of the end of Opec". The Gulf state's energy minister said being a country with no obligation under the groups would give it more flexibility. Opec was formed in 1960 by five...
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The United Arab Emirates announced Tuesday that it will exit OPEC on May 1. “This decision follows a comprehensive review of the UAE’s production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market’s pressing needs,” the UAE energy ministry said in a statement.
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The deployment aimed to enhance joint military coordination, improve operational readiness between the armed forces of the two countries, and support security and stability at regional and international levels
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Summary of Video Transcript Victor Davis Hanson suggested letting NATO "die on the vine" by putting into it exactly the amount of effort that Canada does, while making bilateral deals with European countries that support the U.S., in this video for "The Daily Signal." "Even though they have a $22 trillion GDP, apparently they don’t want to invest that in their own defense," he said. "And they don’t want us to use it when we need it." "What’s the future? Do we get out of NATO? I don’t think we do. I think we just let it die on the...
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President Donald Trump announced a U.S. blockade on the Strait of Hormuz on Sunday. Trump made the announcement in a post on his Truth Social account, blaming the failure to reach a deal with Iran during talks in Pakistan this weekend. "So, there you have it, the meeting went well, most points were agreed to, but the only point that really mattered, NUCLEAR, was not. Effective immediately, the United States Navy, the Finest in the World, will begin the process of BLOCKADING any and all Ships trying to enter, or leave, the Strait of Hormuz," Trump wrote. "At some point,...
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.BREAKING: 🇸🇦 Saudi Arabia fully restores East-West oil pipeline, bypassing the Strait of Hormuz and pumping 7,000,000 barrels per day. Saudi Arabia says it needs no more strait of Hormuz.
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American multinational energy corporation Chevron is now importing an average of 250,000 barrels of Venezuelan crude oil per day into the United States, the BBC reported Tuesday.According to recent reports, Venezuela’s monthly crude oil exports have once again surpassed one million barrels per day. Andy Walz – president of downstream, midstream, and chemicals at Chevron – confirmed to the BBC that the company is importing the equivalent a quarter of a million barrels of Venezuelan oil per day. The BBC detailed that the crude oil tanker Minerva Gloria recently docked at a wharf in the Mississippi sound, carrying 400,000 barrels...
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With about a day left before the deadline expires, the US president held a marathon of calls with regional leaders, including Prime Minister Benjamin Netanyahu. At the center of the talks was the possibility of a significant escalation in the fighting against the Iranian regime. Saudi Crown Prince Mohammed bin Salman and United Arab Emirates President Mohammed bin Zayed said there should be no ceasefire without removing the threat from Tehran.
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TEHRAN — March 29, 2026 : Iranian President Masoud Pezeshkian has cautioned senior leadership of the Islamic Revolutionary Guard Corps (IRGC) that Iran’s economy could face total collapse within three to four weeks if a regional ceasefire is not achieved, according to informed sources cited by Iran International. The warning reflects growing internal divisions between Iran’s civilian administration and military leadership as the ongoing conflict enters its fifth week, intensifying both economic strain and governance disputes. Internal Tensions Over War Strategy The reported disagreement centers on the direction and management of military operations. President Pezeshkian is said to have directly...
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President Donald Trump oversaw record levels of domestic energy production in 2025, including close to a billion barrels of offshore oil, according to the Department of the Interior.Last year saw a record of 714 million barrels of offshore oil produced, according to a press release from the Interior Department. Interior Secretary Doug Burgum underscored that the United States is tapping into its true energy potential.“President Trump has made it clear that America should fully develop its abundant energy resources in a way that strengthens our economy and benefits American families,” Burgum said in a statement.“By providing regulatory certainty, streamlining processes...
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Trump’s former national security advisor has slammed European leaders’ inaction on the war in Iran as a “mistake” that invites the US president to halt support for Ukraine against Russia’s full-scale invasion. Europe’s stance on the Iran war risks US President Donald Trump walking away from the conflict in Ukraine, his former national security advisor, John Bolton, has said, criticising the EU’s reaction to the situation in the Middle East. In an interview with Euronews, Bolton, who also previously served as the US’s ambassador to the UN, branded the Iran conflict as “Europe’s war.” “Europe is just as much, if...
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Two weeks into Operation Epic Fury, the dominant narrative has settled into a comfortable groove: The United States and Israel stumbled into a war without a plan. Iran is retaliating across the region. Oil prices are surging, and the world is facing another Middle Eastern quagmire. US senators have called it a blunder. Cable news has tallied the crises. Commentators have warned of a long war. The chorus is loud and, in some respects, understandable. War is ugly, and this one has imposed real costs on millions of people across the Middle East, including the city I live in. But...
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As we reported Friday, President Donald Trump issued an executive order authorizing the Energy Department to invoke the Defense Production Act, a 1950s Cold War-era law, to force the restart of a dormant offshore oil operation along the California coast.Oil prices have been volatile as the Iran conflict continues, and the Islamic Republic threatens the crucial Strait of Hormuz, the Middle Eastern waterway through which over 20 percent of the world's oil flows. According to the Santa Barbara News-Press, that oil could start flowing immediately:A federal order Friday directed Sable Offshore Corporation to restart its pipelines to transport oil from...
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Oil pumping operations are expected to begin imminently off the coast of California after President Trump issued an executive order Friday to resume oil drilling operations near Santa Barbara, The Post has learned. Officials for Sable Offshore Corp. informed local fire officials of their intent to “resume pumping operations within 24 hours.” The notification is a standard protocol for industrial activities involving hazardous materials pipelines. “This coordination allows the department to maintain readiness for potential emergency response, including resource staging, personnel alerting, and collaboration with other agencies, in the event of any incident such as a leak, spill, or fire,”...
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President Trump said Thursday there is an upside to rising oil prices as a result of the war against Iran — the U.S. will make money as a major producer. Mr. Trump, posting on Truth Social, was responding to oil prices that flirted with $100 per barrel as Tehran clamped down on tanker traffic through the Strait of Hormuz, where about 20% of the world’s oil supply transits. “The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” Mr. Trump posted. Mr. Trump’s post on...
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