OPEC

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. …
Read More...

"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…
Read More...

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…
Read More...

 “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.  …
Read More...

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…
Read More...

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…
Read More...

The OPEC Secretariat, the Energy Charter Secretariat (ECS) and the OPEC Fund for International Development jointly hosted the third annual legal workshop via videoconference. The workshop constitutes an important part of OPEC’s…
Read More...

By Teddy Nwanunobi The Organisation of Petroleum Exporting Countries (OPEC) has expressed optimism that surging natural gas prices could still boost global demand for oil products as end users switch. This is just as the…
Read More...

*Energy leaders gather at the 2021 edition of Russian Energy Week OPEC Secretary General, HE Mohammad Sanusi Barkindo, participated in two key panel discussions during the 2021 edition of Russian Energy Week (REW) in Moscow. The…
Read More...

By Teddy Nwanunobi The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), HE Mohammad Sanusi Barkindo, has urged all stakeholders to focus on developing fair, comprehensive and inclusive solutions to…
Read More...