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Enverus: Venezuela To Increase Oil Output 50% By 2035 January 14, 2026
Industry consultant Enverus has predicted that Venezuela will increase oil production 50% and hit 1.5 million barrels a day by 2035 following the capture of long-time leader Nicolas Maduro by the Trump administration. In its most bullish scenario, Enverus envisions Venezuela’s production tripling to 3 million barrels per day over the next decade. However, Enverus […]
Azerbaijan and U.S. Weigh Cooperation on Peace Corridor and Energy Projects January 14, 2026
Azerbaijan rolled out the red carpet for a delegation led by Carl Kress, the regional director for Eurasia of the US Trade and Development Agency. Local media reports characterized Kress’ talks with a variety of top Azerbaijani government officials as “constructive” but no specific deals were announced. “The two sides highlighted significant potential for collaboration across […]
Kazakhstan Cut December Oil Output By 230 Kb/d January 14, 2026
Kazakhstan cut oil production in December by more than 200 Kb/d, with output averaging 1.522 million barrels per day in the final month down from 1.759 mb/d in November. December production was also significantly lower than the full-year average of 1.776 mb/d for 2025. The lower production was attributed to the forced suspension of Single […]