OPEC

Brent crude futures snapped a three-day rally on Friday in light trade, with many investors away for the holidays, but the benchmark was still headed for a weekly gain, with the market focusing on the next step by OPEC+ and the impact…
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By YANGE IKYAA The most anticipated event of the week, a decision from OPEC+ on whether or not it would halt its monthly oil production increase of 400,000 bpd, ended up being a bit of a “non-event,” as member countries agreed to…
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Brent oil slumped as increasing coronavirus cases and a new Covid-19 strain raised concerns about the outlook for energy demand ahead of next week’s OPEC+ meeting on production policy. Futures in London slid toward $80 a barrel as…
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"OPEC uses secondary sources to monitor its oil output, but also publishes a table of figures submitted by its member countries" Libya has overtaken Nigeria as Africa’s top oil producer after the country's crude oil production…
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The Organisation of the Petroleum Exporting Countries (OPEC) says the delicate balance between reducing emissions, energy affordability and security requires comprehensive and sustainable policies. The OPEC said that focusing on…
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OPEC and its oil-producing partners have rebuffed President Joe Biden’s calls for increased production amidst rising fuel prices, retorting that if the United States believes the world’s economy needs more energy, then…
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“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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