The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at 123.21 dollars per barrel as at Thursday. This is compared to 121.54 dollars per barrel recorded on Wednesday. This is according…
The Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), Mr Mohammad Barkindo, on Wednesday lauded the 2016 multilateral Declaration of Cooperation (DoC) between OPEC and non-OPEC producers. Barkindo said it was one of the major developments that had affected the…
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples stood at $121.54 per barrel as of Wednesday. This is compared with $120.16 per barrel recorded on Tuesday. This is according to OPEC…
The Organisation of Petroleum Exporting Countries, OPEC+ agreed to open its oil taps faster in the summer months, a gesture of reconciliation to the U.S. that nevertheless keeps Russia at the heart of the cartel. The White House welcomed the…
The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.772 million barrels per day (mbpd) target approved in June to a new target of 1.799mbpd for July. A statement issued on Thursday by…
There are strong indications suggesting that the Organisation of Petroleum Exporting Countries, OPEC+ coalition will likely hold firm to its oil production plans this week even as the European Union moves to sanction group member Russia, delegates said. Global oil…
By Uthman Salami The Organisation of the Petroleum Exporting Countries (OPEC) has said eradicating energy poverty will be top of its agenda even as the world continues to combat climate change. Secretary General, OPEC, Mohammad Barkindo made this known on…
The OPEC+ group is expected to rubberstamp next week its moderate monthly increases in oil production when it decides output levels for July, six sources at OPEC+ told Reuters on Thursday. OPEC+, led by Saudi Arabia and Russia, has not…
The Organisation of Petroleum Exporting Countries (OPEC) says the sixty Iraq Energy Forum (IEF) will host the formal launch of OPEC’s history book to commemorate the organisation’s 60th anniversary. The history book, titled, “OPEC 60 years and beyond: A story…
The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.735 million barrels per day (mbpd) target approved in May 2022 to a new target of 1.772mbpd for June 2022. A statement issued on…
