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The Business Standard

Thursday
June 25, 2026

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THURSDAY, JUNE 25, 2026

crude oil reserves

crude oil reserves

People walk past an installation depicting barrel of oil with the logo of Organization of the Petroleum Exporting Countries (OPEC) during the COP29 United Nations climate change conference in Baku, Azerbaijan November 19, 2024. Photo: REUTERS/Maxim Shemetov/File Photo

OPEC+ debates oil output boost as US war on Iran disrupts shipments

Riyadh has been raising oil production and exports in recent weeks in preparation for US strikes on Iran

Illustration: Ashrafun Naher Ananna/TBS Creative

Venezuela’s $18 trillion oil reserves: Larger than all economies except the US and China

Illustration: Ashrafun Naher Ananna/TBS Creative

Venezuela holds one-fifth of the world’s crude oil reserves

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