OPEC

“Today the decision was reiterated to maintain current parameters which were decided on earlier" By Teddy Nwanunobi The Organisation of Petroleum Exporting Countries (OPEC) and its oil-producing allies have agreed to continue…
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"This is as oil prices rose over $2, as the Brent crude sold for $84.14 a barrel, after it had dropped to $81/b on Wednesday" By Teddy Nwanunobi The Organisation of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) have…
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Oil prices continued to surge ahead of Thursday’s meeting of the Organisation of Petroleum Exporting Countries (OPEC) and its allies (OPEC+) to review output. Oil price increased by 1.36 percent to $84.71 for U.S. West Texas…
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Saudi Arabia’s Minis;ter of Energy Prince Abdul Aziz bin Salman and the Nigerian Minister State for Petroleum Resources, Timipre Sylva held talks in the Saudi Arabian capital, Riyadh, on Wednesday to assess the state of the global oil…
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Oil rose further above $84 a barrel on Friday, within sight of a multi-year high hit this week, as expectations OPEC and its allies will keep supply tight countered rising U.S. inventories and the prospect of more Iranian exports. …
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"This trend is expected to worsen in the coming months, with fuel prices likely to increase even further due to a surge in post-pandemic demand" Africa's abundant sunshine is ideal for renewable energy production. But the continent…
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The Organisation of Petroleum Exporting Countries (OPEC) Secretary-General, Mohammad Sanusi Barkindo, yesterday warned that the tight supply of gas could worsen owing to limited investment in the industry. According to him, “there…
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 “Oil dema­nd is not back to pre–Covid levels, but the balance between demand and supply is” Oil slipped after hitting a seven-year high following a surprise draw in US crude stockpiles and a robust decline in fuel supplies.  …
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The stunning recent runup in global oil prices could threaten economic growth and is unlikely to retreat until 2023, the World Bank said Thursday. Average crude prices are expected to end the year at $70 a barrel, 70 percent higher…
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The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Sanusi Barkindo, has advocated the deployment of modern technologies such as the Carbon Capture Utilisation Storage (CCUS) instead of pushing for a…
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