OPEC

“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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The Organisation of Petroleum Exporting Countries, OPEC, Non-OPEC members, Monday, canvassed support, targeted at tackling climate change in developing nations. This was one of the resolutions taken at the first Ministerial…
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OPEC Secretariat will host the ‘First Ministerial Roundtable on Energy, Climate and Sustainable Development’ on Monday, 6 September 2021, via videoconference. The roundtable will be held under the framework of the ‘Charter of…
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Ahead a critical Opec conference, Iraq's finance minister, Ali Abdul-Amir Allawi one of the founding members of the global oil cartel Opec, has issued an unusual plea to fellow oil producers to shift away from fossil fuel reliance and…
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*Expresses confidence on PIA By Teddy Nwanunobi The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Dr. Mohammad Sanusi Barkindo, has endorsed the Valuechain oil and gas magazine, recommending…
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