OPEC

Oil prices climbed over 7% on Thursday after the International Energy Agency (IEA) said three million barrels per day (bpd) of Russian oil and products could be shut in from next month and despite the U.S. Federal Reserve’s decision to…
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Energy Transition Threatens 16tscm Of Gas The Organisation of Petroleum Exporting Countries (OPEC) has warned that the continuous push against hydrocarbon may threaten the future of crude oil and gas reserves in Africa. While the…
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The Organization of the Petroleum Exporting Countries (OPEC) says the oil and gas industry must harness the world’s most advanced technologies and breakthrough innovations to promote a lower-carbon future. This,…
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By YANGE IKYAA Russia’s Deputy Prime Minister, Alexander Novak, has warned that if the United States and the European Union were to ban imports of oil from Russia, oil would move to $300 per barrel. As the…
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Chief Timipre sylva, Minister of State for Petroleum Resources, has expressed that the increase in prices of global crude oil is not good for the country. Speaking on the rising crude oil prices in an interview with Bloomberg…
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...High oil prices are good for Russia’s budget and for its hard-to-recover oil resources and projects, on the one hand, but oil so high is also hitting other sectors of the economy and slows demand growth, on the other hand, the…
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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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