THE Organisation of Petroleum Exporting Countries, OPEC says global primary energy demand is forecast to increase by 23 per cent in the period to 2045, which necessitates utilising all forms of energy. The OPEC said based on its World Oil…
AN official of the Organisation of Petroleum Exporting Countries, OPEC, Irene Etiobhio, has said that there will be an increase in the demand for renewable energy and that it will rise significantly faster than any other source of energy. Etiohio,…
The Organisation of Petroleum Exporting Countries (OPEC) says global primary energy demand is forecast to increase by 23 per cent in the period to 2045, which necessitates utilising all forms of energy. The OPEC said based on its World Oil…
THE Organisation of Petroleum Exporting Countries (OPEC) says global primary energy demand is forecast to increase by 23 per cent in the period to 2045, which necessitates utilising all forms of energy. The OPEC said based on its World Oil…
THE price of OPEC basket of 13 crudes stood at $85.41 a barrel on Tuesday, April 11, 2023 compared with $85.50 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes, ORB, is made up of the following:…
The Organization of Petroleum Exporting Countries, OPEC+ in March reported the biggest decline in their collective production in 10 months. According to data by Energy Intelligence, Nigeria and Russia recorded much production drop making the Organizations overall output to fall…
By Bayonle The amount of crude oil produced in last Month, Febuary was around 150,000 per barrel which was higher than the one of January according to a research. According to the report, OPEC produced 28.97 million barrel per day…
Nigeria and Angola contributed to the increase in crude oil output for OPEC-13 members in January 2023, according to OPEC’s monthly oil market report. Angola’s crude oil output increased from 1,088 million barrels per day (mb/d) in December 2022 to…
OPEC’s top official urged countries to invest much more in oil to meet the world’s future energy needs and said climate policies need to be more “balanced and fair.” “It is imperative that all parties involved in the ongoing climate…
The Federal Government has said that the existence of the Organisation of Petroleum Exporting Countries (OPEC) over the past 60 years saved the global oil market from perpetual chaos. The Minister of State Petroleum Resources, Chief Timipre Sylva, made this…
