All eyes will be on the Organization of the Petroleum Exporting Countries and its allies in 2026, and on how the cartel manages its decision-making process to balance a volatile market

Venezuela’s state oil company PDVSA has begun storing crude oil and fuels on tankers as onshore inventories rise amid U.S. seizures of vessels linked to Venezuela, according to company documents and maritime data

The memorandum of understanding outlines a plan for a pipeline running from Alberta to the Pacific coast to boost oil exports to Asia, in line with Carney’s goal of expanding foreign trade to offset the impact of the trade war launched by U.S. President Donald Trump

Global demand for oil and gas could continue to rise until 2050, the International Energy Agency (IEA) said, marking a shift from its earlier expectations of a rapid transition to cleaner fuels and warning that the world is unlikely to meet its climate goals

The U.S. 2nd Circuit Court of Appeals, based in Manhattan, will review the judgment handed down in September 2023 by District Judge Loretta Preska in favor of two minority shareholders of YPF

U.S. President Donald Trump hit Russia’s two biggest oil companies with sanctions in a sharp policy shift on Moscow’s war in Ukraine, prompting global oil prices to rise by 5% and India to consider cutting Russian imports

The US issued new sanctions targeting Iran’s oil exports, including measures against a Chinese “teapot refinery,” as the Trump administration seeks to ramp up pressure on Tehran

USA, Israel, and Ecuador each submitted their filings to the U.S. Court of Appeals for the Second Circuit in New York, while Chile, Italy, Uruguay, Romania, and Ukraine jointly submitted their filing

The filing before the U.S. Court of Appeals for the Second Circuit was made Monday by the provinces of Mendoza, Chubut and Santa Cruz, which, as oil producers, are shareholders in YPF

Spanish oil company Repsol has begun producing oil in the Leon-Castile basin in the state of Louisiana, strengthening its footprint in the United States, a key region in its 2024–2027 strategic plan