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Opec

US rachets up pressure on Iraq over post of prime minister

Supporters of former Iraqi prime minister Nouri al-Maliki protesting what they say is US interference in Iraq’s sovereignty on Jan 29.
Supporters of former Iraqi prime minister Nouri al-Maliki protesting what they say is US interference in Iraq’s sovereignty on Jan 29.

US soon to issue general license for oil production in Venezuela, sources say

President Donald Trump has said the US intends to control Venezuela’s oil sales and revenues indefinitely since US forces seized Nicolas Maduro.
President Donald Trump has said the US intends to control Venezuela’s oil sales and revenues indefinitely since US forces seized Nicolas Maduro.

US authorises US diluent supply to Venezuela oil sector

An oil pumpjack and a tank with the corporate logo of state oil company PDVSA are seen in an oil facility in Lagunillas, Venezuela January 29, 2019. REUTERS/Isaac Urrutia
An oil pumpjack and a tank with the corporate logo of state oil company PDVSA are seen in an oil facility in Lagunillas, Venezuela January 29, 2019. REUTERS/Isaac Urrutia

Venezuela’s Rodriguez proposes oil reform to ease investment

Venezuela's interim president Delcy Rodriguez delivers her first annual address to the nation at the National Assembly, following the U.S. strike in Caracas that resulted in the capture of President Nicolas Maduro and his wife, Cilia Flores, in Caracas, Venezuela, January 15, 2026. REUTERS/Leonardo Fernandez Viloria
Venezuela's interim president Delcy Rodriguez delivers her first annual address to the nation at the National Assembly, following the U.S. strike in Caracas that resulted in the capture of President Nicolas Maduro and his wife, Cilia Flores, in Caracas, Venezuela, January 15, 2026. REUTERS/Leonardo Fernandez Viloria

Supertankers sailing to pick up Venezuelan oil for China make U-turn, ship data shows

A crude oil tanker is docked in the Maracaibo Lake in Maracaibo, Venezuela, on Jan 8, 2026.
A crude oil tanker is docked in the Maracaibo Lake in Maracaibo, Venezuela, on Jan 8, 2026.

OPEC+ sticks with plan to keep oil flow steady amid turmoil in Venezuela

The oil cartel and its allies are awaiting clarity on whether the shock US capture of Venezuela leader Nicolas Maduro will impact supplies.
The oil cartel and its allies are awaiting clarity on whether the shock US capture of Venezuela leader Nicolas Maduro will impact supplies.

UAE withdraws remaining forces in Yemen in crisis with Saudi Arabia

Smoke rises in the aftermath of a Saudi-led coalition airstrike, which targeted what it described as foreign military support to UAE-backed southern separatists, in Yemen's southern port of Mukalla, in this screengrab from a handout video obtained by Reuters on December 30, 2025. SABAA TV/Handout via REUTERS
Smoke rises in the aftermath of a Saudi-led coalition airstrike, which targeted what it described as foreign military support to UAE-backed southern separatists, in Yemen's southern port of Mukalla, in this screengrab from a handout video obtained by Reuters on December 30, 2025. SABAA TV/Handout via REUTERS

Oil rises after Opec+ pauses output hikes beyond December amid glut fears

Opec Secretary-General Haitham al-Ghais (centre), attending a plenary session of the Russian Energy Week forum in Moscow on Oct 16.
Opec Secretary-General Haitham al-Ghais (centre), attending a plenary session of the Russian Energy Week forum in Moscow on Oct 16.

Saudis cut oil prices for Asia as Opec+ ramps up output

State producer Saudi Aramco is lowering the price for its flagship crude to its biggest market by US$1 a barrel for shipments in October.
State producer Saudi Aramco is lowering the price for its flagship crude to its biggest market by US$1 a barrel for shipments in October.

Kuwait oil minister says OPEC monitoring market, Trump remarks on Russian oil

FILE PHOTO: A view shows a pressure gauge near oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer/File Photo
FILE PHOTO: A view shows a pressure gauge near oil pump jacks outside Almetyevsk, in the Republic of Tatarstan, Russia July 14, 2025. REUTERS/Stringer/File Photo

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.