OPEC

· Insists no more crisis By Teddy Nwanunobi Despite struggling to meet its production quota recently, the Federal Government, on Tuesday, at the ongoing three-day Gastech 2021 conference, which began at the World Trade Centre…
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*Sylva said that he didn't expect the Organization of the Petroleum Exporting Countries and its allies, a group known as OPEC+, to take any extraordinary measures when they meet next month     Nigeria is in talks with OPEC+ to raise…
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By Teddy Nwanunobi Nigeria’s external reserves received some boost by the crude oil price, as the reserves grew by 3.71 per cent, or $1.96 billion, in the last 19 days. The external reserves, according to the Central Bank of…
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*OPEC mourns with Algeria Algeria’s longest-serving president, Abdelaziz Bouteflika, who resigned in 2019 amid pro-democracy protests after two decades in power, has died aged 84. The state television announcement on Friday,…
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“The year 2021 marks the 61st Anniversary of that auspicious day and represents an opportunity to reflect on the Organization’s past and look to the future" The year 2021 marks the 61st anniversary of the Organization of the…
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"Crude inventories fell by 6.4 million barrels in the week to September 10 to 417.4 million barrels, the EIA said, compared with expectations in a Reuters poll for a 3.5 million-barrel drop" By Teddy Nwanunobi Oil prices slipped…
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"Downside risks include a new COVID-19 wave, taper tantrum, a China debt crisis, and the return of Iranian crude barrels" Oil prices could hit $100 per barrel over the next six months if we have a colder-than-usual winter, which…
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By Teddy Nwanunobi For the first time in history, the duo of the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), HE Mohammad Barkindo, and the Minister of Economy and Petroleum of Venezuela, HE Tareck…
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By Teddy Nwanunobi The Economic Commission Board (ECB) of the Organisation for Petroleum Exporting Countries (OPEC), on Tuesday, met for its 21st Special Meeting via videoconference. The ECB is carrying out a detailed technical…
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By Teddy Nwanunobi President Muhammadu Buhari, on Tuesday, appreciated Saudi Arabia for accommodating Nigeria a number of times by conceding oil production quota to Nigeria in the past. Buhari’s Special Adviser on Media and…
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