Available data from the Organization of Petroleum Exporting Countries (OPEC), has indicated that Saudi Arabia’s latest oil production cuts are set to tighten global markets sharply next month. Even before the kingdom announced its surprise new measures just over a…
…as Chinese refiners seek cheaper alternatives from Nigeria, Russia The announce ment of crude oil output cut of around 800,000 bpd by Organization of the Petroleum Exporting Countries (OPEC) and its allies -OPEC+, has failed to yield its expected result,…
OPEC targets 40.46 mb/d crude oil production in 2024By Ibiyemi Mathew The Organisation of Petroleum Exporting Countries (OPEC) has said that it is targeting 40.46 mb/d crude oil production in 2024. According to a press statement, OPEC said it will…
The Organization of Petroleum Exporting Countries (OPEC) recorded a drop in its oil output for May following voluntary production cuts by members said to help support the market. According to a carried out by Reuters, OPEC production was down 460,000…
The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, has warned that global oil production capacity was dropping. Speaking during a recent interview with S&P Global Commodity Insights, he stated the refinery sector was not…
The Organisation of the Petroleum Exporting Countries (OPEC) has called on the International Energy Agency (IEA) not to further undermine the oil industry investments. OPEC Secretary-General, Haitham Al Ghais said this in a statement obtained in Abuja on Thursday while…
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…
