His Excellency Haitham Al Ghais of Kuwait yesterdaytook office as Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) at the Organization’s Secretariat in Vienna, Austria. HE Al Ghais was appointed by acclamation for a three-year term at…
The Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria and other countries may incur more debts in the coming year, according to an online report. The organisation raised concern about rising debts in nations of the world, particularly…
The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.238 million barrels per day (bpd) in June 2022. OPEC made this known in its Oil Market Report for July 2022 which…
The incoming Secretary-General of the Organization of Petroleum Exporting Countries, (OPEC), Mr. Haitham Al-Ghais has mourned the death of Mohammed Sanusi Barkindo. In the Twitter handle of the Organization on Wednesday, Al-Ghais posted that Barkindo has led the OPEC during…
It is with immense sorrow and sadness that the OPEC Secretariat learnt of the passing of the OPEC Secretary General, His Excellency, Mohammad Sanusi Barkindo, in his home country of Nigeria. He was the much-loved leader of the OPEC Secretariat…
The outgoing Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Muhammad Barkindo, is dead. Barkindo died at the age of 63 late Tuesday few hours after President Muhammadu Buhari honoured him for his meritorious service at OPEC. Late Barkindo…
OPEC’s crude oil production fell in June compared to May, due to outages in Libya and Nigeria, and the 10 cartel producers bound by the OPEC+ pact lifted their combined production by just 20,000 barrels per day (bpd) last month,…
The oil alliance OPEC+ is increasing its daily output by 648,000 barrels in August, the group announced after an online meeting on Thursday. It means OPEC+ is sticking to a plan of moderate increase in spite of growing calls to…
The Organisation of the Petroleum Exporting Countries (OPEC) and the Ministry of Oil of Iraq have launched a history book titled ‘OPEC 60 years and beyond: A story of courage, cooperation and commitment.’ The launch took place in Iraq on…
The Organisation of Petroleum Exporting Countries, OPEC has maintained its forecast that world oil demand will exceed pre-pandemic levels in 2022. The group however notes that Russia’s invasion of Ukraine and developments around the coronavirus pandemic pose a considerable risk.…
