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.…
The Organisation of the Petroleum Exporting Countries (OPEC), has released a fresh report on crude oil production of its member countries, indicating that six countries increased their crude oil output while seven countries declined in production. The information is contained…
The Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC) Dr. Mohammad Barkindo said it has never wavered from its core values in spite of the challenges in the oil industry. Barkindo made this known on Tuesday in his keynote address…
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…
