OPEC

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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Mohammad Sanusi Barkindo, OPEC Secretary General, has congratulated his successsor designate Mr. Haitham Al Ghais of Kuwait who is scheduled to take over from the Nigerian on 1st August, 2022, Valuechain reports. The congratulatory…
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OPEC+ did some surprising things in the past two years. First, it broke up at the start of the pandemic with its two leaders—Saudi Arabia and Russia—turning on each other because of differences of opinion on how the crisis needed to be…
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OPEC and its allies will probably stick to their existing policy of modest monthly increases in oil output at a meeting next week, four sources said, as demand concerns raised by the Omicron coronavirus variant ease and oil prices…
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The newly formed OPEC+ alliance between OPEC members and some of the world’s major non-OPEC producers, such as Russia and Mexico, has reflected positively on oil markets and helped stabilize prices. Even in light of the Covid-19…
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