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OPEC will cut output as required to stabilize market – President

OPEC and allied oil producers will cut or adjust production as needed to balance the market, the group’s president, United Arab Emirates Energy Minister...

Return to oil production cuts likely in 2019 – OPEC

A return to oil production cuts by Organisation of Petroleum Exporting Countries (OPEC) and its allies in 2019 cannot be ruled out, a senior...

OPEC’s World Oil Outlook 2018 launched in Algiers

..says Oil to remain largest share of energy mix till 2040The 2018 OPEC World Oil Outlook (WOO) was launched today in Algiers, Algeria. First...

High output in Nigeria, others pushes OPEC oil production

The Organisation of Petroleum Exporting Country(OPEC), yesterday  said  its August crude production  increased  from  278,000 barrels a day to average 32.56 million barrels a...

Why OPEC’s Alliance with Non-members Have Been Successful – Barkindo

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammad Sanusi Barkindo, has explained why the alliance the cartel entered with...

Nigeria’s net revenue lowest among OPEC members

Nigeria’s oil receipts are currently the lowest among members of the Organisation of Petroleum Exporting Countries (OPEC) with capita net put at $132 per...

Nigeria’s crude oil production to hit 1,685 tb/d in Q2- OPEC

By Kayode TokedeThe Organization of the Petroleum Exporting Countries (OPEC) has disclosed that Nigeria’s crude oil production to hit 1,685 thousand barrels per day...

$10.3tr investment needed to meet global oil demand – OPEC

The Oil-Producing Exporting Countries (OPEC) yesterday disclosed that a whopping $10.3 trillion investment would be required to meet the 15 million barrels per day...

Oil prices fall as OPEC raises production target from July

Crude oil prices fell yesterday after the decision by the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC members to raise crude supplies...

Barkindo: Why OPEC increased crude oil production

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mr. Muhammad Barkindo, has dismissed suggestions that pressure by the United States President,...
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