OPEC

The Organisation of the Petroleum Exporting Countries (OPEC) says World total oil demand in 2021 is pegged at 96.5 million barrel per day (mb/d( and at 100.6 mb/d in 2022, surpassing pre-pandemic levels. OPEC Secretary General, Mr…
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"Nigeria and Angola are the biggest culprits in Africa, having consistently failed for months to meet its OPEC allocation" Oil prices jumped more than 3 per cent yesterday, consistently defying predictions of a surplus supply amid…
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The price of crude oil rose in London on Friday morning as an uprising in Kazakhstan led to concerns about disruptions in crude supplies from the OPEC+ producers at a time when Libyan output has dropped. Brent crude futures gained…
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By YANGE IKYAA OPEC Secretary General, HE Mohammad Sanusi Barkindo, on Thursday visited the Al-Shaab Hall in the Bab Al-Muaatham district in Baghdad during his mission to Iraq. The Al-Shaab Hall is the site of OPEC’s founding. It…
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By YANGE IKYAA OPEC secretary general and chief coordinator of OPEC +, HE Dr. Mohammad Sanusi Barkindo, left Vienna on Wednesday for Iraq where he would hold bilateral meetings with the Iraqi government on current global energy…
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OPEC+ sticks to plan to boost output in FebruaryData shows sharp increase in U.S. gasoline stocks Oil prices lost ground on Thursday, easing from their highest levels in more than a month as OPEC+ producers stuck to a plan to boost…
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OPEC+ sticks to plan to boost output in FebruaryConcerns over impact of Omicron surgeU.S. stocks rose sharply last week -APIU.S. EIA stocks data due at 1530 GMT Oil prices slipped below $80 a barrel on Wednesday after OPEC+…
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Following the formal conclusion of the 23rd OPEC and non-OPEC Ministerial Meeting (ONOMM) held via videoconference on Thursday December 2, 2021, and in view of current oil market fundamentals and the consensus on its outlook, the OPEC…
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“The Saudis are pushing for a change,” one OPEC source said, asking not to be named There is a growing wave of politicking among major stakeholders as the Organization of the Petroleum Exporting Countries (OPEC) prepares to elect…
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Threat by some countries to release 70 million barrels of crude oil from their strategic reserves is being monitored, the Organisation of Petroleum Exporting Countries (OPEC) said yesterday. The threat followed the oil cartel’s…
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