OPEC

OPEC S-G, HE Dr. Mohammad Sanusi Barkindo, with His Eminence, the Grand Imam of Al Azhar, Cairo , Dr. Ahmed el- Tayyeb. The S-G paid the Grand Iman a visit today in Cairo By YANGE IKYAA The Secretary-General of OPEC, Mohammad…
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By YANGE IKYAA Refinery margins on the US Gulf Coast versus WTI and in Singapore versus Oman showed strong performance in January, gaining $1.42 per barrel and 50 cents per barrel respectively, month-on-month, as global product…
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By YANGE IKYAA Crude oil spot prices rebounded in January, compared to the previous month, as oil futures markets surged. This was supported by strong global oil market fundamentals amid dissipating fears about the impact of the…
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Secretary General of the Organisation of Petroleum Exporting Countries, OPEC, His Excellency Mohammad Sanusi Barkindo, today hosted a working lunch for a delegation from the Nigerian National Petroleum Company (NNPC) Ltd at the…
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By YANGE IKYAA Following the conclusion of the 25th OPEC and non-OPEC Ministerial Meeting (ONOMM), held via videoconference on Wednesday, and in view of current oil market fundamentals and the consensus on the outlook, the OPEC and…
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There is crude output by the Organization of the Petroleum Exporting Countries (OPEC) in millions of barrels per day (bpd) in January and December, according to a Reuters survey published on Monday.  OPEC and allies, known as OPEC+,…
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The current move in oil prices is largely attributed to geopolitical risk.The next major move in oil could be triggered if inventories fall to critical levels.Wall Street’s consensus seems to be that Brent will reach $100 by the summer…
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*The OPEC Reference Basket of Crudes (ORB), introduced on June 16, 2005 is currently made up of the Saharan Blend (Algeria), Girassol (Angola), Bonny Light (Nigeria), Djeno (Congo) and Zafiro (Equatorial Guinea) The price of the…
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Uncertainties still becloud ability of Nigeria to meet its crude oil production quota despite assurances of its newly enacted petroleum law. The Petroleum Industry Act, enacted last year largely settles key grey areas that have…
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...Frantic oil buying driven by supply outages and signs the Omicron variant won’t be as disruptive as feared has pushed some crude grades to multi-year highs, suggesting the rally in Brent futures could be sustained a while longer,…
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