All 13 OPEC members as well as a few other economies that rely heavily on fossil fuels received a letter from Secretary General Haitham Al Ghais, Reuters reported...
The largest oil exporter in the world reported a nearly USD 30 billion budget surplus in 2022 as increased oil prices caused a 31% increase in government revenue...
The Joe Biden administration removed the majority of the six-month limitations on Venezuela's ability to produce, sell, and export oil to specific markets...
Over the medium term, increasing non-oil revenue will be supported by the gradual implementation of a corporate income tax, which started in June 2023...
The UAE has so far signed several CEPAs including from Israel, Turkey, India and Indonesia, as part of a strategy to diversify its economy away from oil...