The global landscape of oil production and consumption is changing rapidly, bringing with it significant implications for producers and consumers alike. With countries like India gaining ...

five of the world’s top oil-producing nations created the Organization of the Petroleum Exporting Countries, or OPEC. The intergovernmental organization — which has since expanded to 13 ...

Those countries would rather get fairly compensated ... The DRC wants to increase its oil production from 25,000 barrels a day to 1 million barrels, which would improve people's lives.

As of April 2024, the world's oil production and consumption figures highlight the leading countries in these sectors, showcasing their roles in both producing and consuming oil. The total world ...