The Organisation of Petroleum Exporting Countries (OPEC) has commended Nigeria for achieving full conformity in January 2021, and compensating its entire overproduced volumes. The organisation gave the commendation at the end of its 14th virtual meeting of OPEC and non-OPEC…
The 14th Meeting of OPEC and non-OPEC Ministers took place via video conference, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair HE Alexander Novak, Deputy Prime Minister of the Russian Federation.…
The Secretary General, Organisation of Petroleum Exporting Countries (OPEC), Dr Sanusi Barkindo has expressed that the Organisation remained upbeat as the oil market’s outlook continues to be generally positive amid headwinds of uncertainty from last year continue to abate. Barkindo,…
The Organisation of Petroleum Exporting Countries (OPEC) has offered its deepest and heartfelt condolences on the passing of Sheikh Ahmed Zaki Yamani of Saudi Arabia. OPEC Secretary General, Mohammad Barkindo disclosed this in a condolence letter released on Wednesday on…
The Organisation of the Petroleum Exporting Countries (OPEC) has postponed its eighth international seminar from June 2021 to June 2022 over the COVID-19 pandemic, OPEC said on Wednesday. “The Seminar, originally scheduled for June 16 to June 17 will now…
At the 26th Meeting of the Joint Ministerial Monitoring Committee (JMMC) held on Wednesday, 3 February 2021, the JMMC appointed the Minister of State for Petroleum Resources of Nigeria, Timipre Sylva, to undertake a mission as Special Envoy to the…
OPEC com mends crude oil production cut by Nigeria he Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries (OPEC) has commended the progress made by Nigeria to conform with the agreement on Crude oil production cut.…
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo, says the oil and gas sector will still supply over 50 per cent of the global energy needs by 2045. Barkindo made that assertion while presenting…
The Organisation of the Petroleum Exporting Countries has expressed its support for the adoption of electric vehicles in a sustainable manner as well as renewable energy as part of efforts to reduce emissions. The Secretary-General, OPEC, Mohammad Barkindo, who spoke…
Nigeria and other member and non-member nations of the Organisation of Petroleum Exporting Countries reduced global crude oil supply by 1.9 billion barrels between May and November last year, OPEC stated on Tuesday. It made this known after concluding its…
