Index/Organizations/OPEC+

OPEC+

OPEC plus other oil-producing countries

Fact-Checks

19 results
Nov 13, 2025
Most Viewed

How do gas prices under Biden compare to Trump administration?

Average retail gasoline prices were higher on average during President Biden’s term than during President Trump’s term when measured by annual and multi-year means: Trump-era yearly averages clustered...

Dec 18, 2025
Most Viewed

How do China and Russia help Venezuela

China and Russia prop up Venezuela through a mix of economic arrangements, political backing, and—particularly from Russia—military cooperation, but both partners have narrowed or conditioned support ...

Dec 5, 2025
Most Viewed

What impact do Venezuela's oil reserves have on OPEC and global oil markets?

Venezuela holds the world’s largest proven oil reserves—about 303 billion barrels—which gives it outsized geopolitical leverage within OPEC even though production has been sharply reduced to under 1 m...

Nov 19, 2025

What impact did COVID-19 have on inflation during Trump's final year?

COVID-era disruptions helped drive the high inflation that became a central political issue entering the 2024–25 period, but by the end of President Trump’s first year in office headline inflation was...

Nov 15, 2025

Are gas prices better now compared to under Biden?

Average U.S. pump prices have been higher during much of Joe Biden’s presidency than during some earlier periods, including Biden-era peaks above $5/gal in 2022, but recent reporting shows national av...

Dec 1, 2025

How do global oil prices and OPEC decisions correlate with US gas prices during Trump’s presidency?

Global crude prices fell roughly 14–25% during portions of Trump’s second-term period as OPEC+ moved to increase production, and U.S. retail gasoline averages moved down modestly—around the low-$3 ran...

Jan 18, 2026

How did Donald Trump's deregulation of environmental rules affect gasoline prices between 2017 and 2020?

Donald Trump’s deregulatory policies aimed to speed domestic oil and gas production and reduce energy costs, but their measurable effect on retail gasoline prices between 2017 and 2020 was small compa...

Dec 19, 2025

How did U.S. Strategic Petroleum Reserve releases in 2022 affect global oil prices and domestic gasoline prices?

The 2022 U.S. releases from the Strategic Petroleum Reserve (SPR), the largest in modern history, put meaningful additional crude supply into global markets and coincided with temporary declines in oi...

Dec 18, 2025

How did The New York Times and Reuters quantify gasoline and crude oil prices across December 2025?

Reuters quantified December 2025 crude and gasoline market moves primarily by reporting traded futures settlement prices for Brent and U.S. West Texas Intermediate (WTI), percent changes session-to-se...

Dec 8, 2025

How did average US gasoline prices change month-by-month during the Biden presidency compared to the Trump presidency?

Average U.S. gasoline prices were materially lower across Donald Trump’s 2017–2020 term (term average about $2.46/gal) than across Joe Biden’s time in office through the sources’ coverage (Biden-era a...

Jan 7, 2026

How did the COVID-19 pandemic and the 2020 oil demand collapse impact US oil production trends under Trump?

The COVID-19 pandemic triggered a historic collapse in global oil demand in early 2020 that forced U.S. crude production off its peak, drove prices to record lows (even briefly negative for some contr...

Jan 6, 2026

É vero che il Venezuela ha annullato tutti gli ordini di vendita di petrolio ai paesi occidentali?

La narrativa secondo cui il Venezuela ha "annullato tutti gli ordini di vendita di petrolio ai paesi occidentali" non trova conferma netta nelle fonti disponibili: la maggior parte dei report indica c...

Jan 5, 2026

How did oil expropriations under Chávez and Maduro impact global crude supply and prices?

Expropriations under Hugo Chávez and the continued national control and mismanagement under Nicolás Maduro removed major international investment and technical capacity from Venezuela’s oil sector, co...

Jan 3, 2026

How would a major Venezuelan production recovery affect global oil prices and OPEC quotas?

A large-scale Venezuelan production recovery — meaning a return from roughly 1.0 mb/d today toward multi‑million barrel capacity backed by investment — would exert clear downward pressure on global cr...

Dec 11, 2025

What role did geopolitical events (e.g., Russia-Ukraine war, OPEC+ decisions) play in gas price spikes under Biden compared with Trump?

Geopolitical shocks — chiefly Russia’s full‑scale invasion of Ukraine in February 2022 and OPEC+ production decisions later that year — were major drivers of the global oil and gasoline price spikes t...

Nov 25, 2025

How did global oil market events between 2021 and 2025 affect U.S. pump prices?

Global oil output rose faster than demand in 2024–25, creating inventory builds and downward pressure on benchmark Brent forecasts—EIA projected Brent averaging $74/b in 2025 (then $66 in 2026) and th...

Nov 23, 2025

How have global oil events affected gas prices since Joe Biden took office in 2021?

Global oil events since January 2021 — chiefly the post‑COVID demand rebound and Russia’s 2022 invasion of Ukraine — were the principal drivers of the large rise and swings in U.S. pump prices after J...

Nov 21, 2025

Crude oil and gas prices

Crude oil benchmarks are trading in the high-$50s to low-$60s per barrel as of November 21, 2025: TradingEconomics reports a CFD-based U.S. crude (WTI-like) price at $57.77/bbl (down 2.09% that day) a...

Nov 12, 2025

Projected US gas prices after Biden leaves office 2025

Projected U.S. retail gasoline prices for 2025 center on modest declines from 2024 averages, with multiple forecasts clustering around a and seasonal volatility expected; analysts cite easing inflatio...