Oil industry executives have voiced that reviving Venezuela's oil production will be a long and costly process. Companies will need stable, legally defined frameworks, security for investments, and ...

Driven by sanctions relief, regulatory changes, and Middle East supply disruptions in the Strait of Hormuz, Venezuela's crude production surpassed one million barrels per day in June 2026.

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. This voice experience is generated by AI. Learn more. This voice ...

The focus of this post is an overview of world oil production along with a more detailed review of the top 11 non-OPEC oil-producing countries. The world’s October oil production decreased by 67 kb/d ...