Mohammad Sanusi Barkindo
Uneven vaccination pace may slow oil demand, amid huge stockpiles
Echoing the concerns of the International Monetary Fund (IMF), on uneven vaccinations globally, the Organisation of the Petroleum Exporting Countries...
OPEC retains oil cuts over demand concerns
Members of the Organisation of the Petroleum Exporting Countries (OPEC) and allied producers under OPEC+, yesterday, agreed to cap crude production at current levels in February.
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 countries require $10.5tr to meet oil demand
Members of the Organisation of the Petroleum Exporting Countries (OPEC) are said to require investments of about $10.5trillion to meet the projected increase in global oil demand.
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.
Iran optimistic ahead of OPEC meeting
Iran is optimistic that OPEC can reach an agreement to cut production and improve prices, Oil Minister Bijan Zanganeh said on Saturday after meeting the cartel's chief Mohammad Sanusi Barkindo.
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, UN harp on economic diversification of oil producers
United Nations Framework Convention on Climate Change (UNFCCC) and Organisation of Petroleum the Exporting Countries (OPEC) has identified economic diversification as the leeway for building economic resilience.