20 Oct 2021
The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Mohammed Barkindo and the Group Managing Director of the Nigerian National Petroleum Corporation...
16 Aug 2021
The Organisation of Petroleum Exporting Countries (OPEC) has congratulated President Muhammadu Buhari for signing into law the Petroleum Industry Bill (PIB).
17 Sep 2020
The Organisation of Petroleum Exporting Countries (OPEC) has said oil demand growth in China is currently the only certainty for rebound, with consumption in the country rising through the remainder of 2020, and recovering completely in 2021.
16 Sep 2020
The Organization of the Petroleum Exporting Countries (OPEC), has said oil demand growth in China is currently the only certainty for rebound, with consumption...
15 Jan 2020
OPEC+ members will remain united in their stewardship of the oil market, whether or not their current production cuts are extended beyond their currently scheduled March expiry, OPEC Secretary General Mohammed Barkindo said Monday.
11 Oct 2019
The Organisation of the Petroleum Exporting Countries (OPEC), Russia, and their allies have not ruled out deeper oil output cuts when they next meet December 5-6 in Vienna, Austria, even as OPEC’s analysis arm revised upward its forecasts of demand for the group’s crude this year and next.
10 Apr 2019
Goldman Sachs has adjusted its second quarter (Q2) 2019 Brent oil price forecast upwards by 11.5 per cent from $65/barrel to $72.50/b to reflect stronger assumptions on OPEC output cuts, further tightening of U.S. oil sanctions on Venezuela, and Iran, as well as only moderate growth in U.S. shale production. OPEC in March tightened the…
8 Jun 2018
Though the price of crude oil has maintain a steady increase in the last six months, for the members of Organisation of the Petroleum Exporting Countries...
26 Jul 2017
OPEC Secretary-General, Mohammed Barkindo, said rebalancing of the oil market is progressing more slowly than expected, but will speed up in the second half of the year.
13 Jul 2017
Nigeria will reject the attempt by the Organization of Petroleum Exporting Countries (OPEC) to reduce the crude oil quota granted it at its last Ordinary Meeting in Vienna, Austria.
29 Mar 2017
The decision by the Organisation of the Petroleum Exporting Countries (OPEC) to embark on production freeze last year, offered hope for higher crude oil prices in 2017.