Mohammad Sanusi Barkindo
OPEC loses $1 trillion investment in two years
The Organisation of the Petroleum Exporting Countries (OPEC) has said that more than a $1 trillion of frozen capex or cuts were recorded in 2015 and 2016.
Nigeria’s Bonny Light crude oil hits $67.10 a barrel
The price of Nigeria’s Bonny Light crude oil reached $67.10 per barrel to emerge the highest priced product among members of Organisation of the Petroleum Exporting Countries (OPEC).
OPEC’s conformity to voluntary production cut reaches 116%
Mohammad Sanusi Barkindo, who made the disclosure at the 33rd Asia Pacific Petroleum Conference in Singapore, said the conformity levels among the 24 participating countries.
OPEC 'optimistic' oil output cuts leading to price recovery
Oil-exporting cartel OPEC is optimistic that production cuts agreed with non-members to prop up prices will lead to a recovery in the market, its chief said on Wednesday.
Prolonged low oil prices not good for anyone, says Barkindo
A prolonged period of low crude prices, such as those being experienced by the international oil market since the summer of 2014, is not good for anyone ...
OPEC production freeze halts prices volatility
The consensus decision among the Organisation of the Petroleum Exporting Countries (OPEC), has been effective in arresting any further deterioration in prices and it has helped reduce volatility, OPEC Secretary General, Mohammad Sanusi Barkindo, has said.
OPEC stresses importance of crude oil production freeze
The Orgaisation of the Petroleum Exporting Countries (OPEC) has said that the agreement by member countries to settle for out put freeze underlines the organisation’s continued commitment to a ‘sustainable stability’ in oil markets.
OPEC requires $10 trillion to meet oil demand
OPEC Secretary-General, Mohammad Sanusi Barkindo, made this disclosure at the 15th International Energy Forum Ministerial Plenary Session 1, titled: “Oil markets: outlook and the stability challenge”.