OPEC

By Teddy Nwanunobi Despite the Coronavirus (COVID-19) Pandemic challenges, the Organisation of the Petroleum Exporting Countries (OPEC), on Thursday, stuck to its prediction of a strong recovery in world oil demand in 2021 and…
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OPEC+ has not yet discussed President Biden's call on the cartel to increase oil production in a bid to reduce prices at the pump for American drivers, Russian Sputnik reported, citing an unnamed source from one of the group's…
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...Against $77.72 per barrel at which it closed on July 30 The international oil benchmark, Brent crude, extended its losses on Monday, falling below the $70 per barrel mark to its lowest level since May. The further decline in…
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By Teddy Nwanunobi The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Dr. Mohammad Barkindo, on Friday, met with the newly sworn-in President of the Islamic Republic of Iran, HE Ebrahim Raisi. …
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By Teddy Nwanunobi The Islamic Republic of Iran has expressed its readiness to increase its production as soon as sanctions are lifted. This was disclosed on Friday by the outgoing Petroleum Minister of the Islamic Republic of…
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By Teddy Nwanunobi The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Dr. Mohammad Barkindo, has attended the inauguration ceremony of the new Iranian President, HE Ebrahim Raisi, in Tehran,…
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By Teddy Nwanunobi Russia has reaffirmed its commitment to cooperate with the Organisation of the Petroleum Exporting Countries (OPEC), particularly within the framework of the bilateral dialogue and in the OPEC/non-OPEC format. …
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*Rising oil prices have historically preceded high inflation. Is there a strong relationship between the oil price and inflation? *Rising oil prices often bring dire headlines warning investors about the looming threat of inflation.…
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Brent, the oil against which Nigeria’s crude is priced, dropped marginally on Tuesday, shedding 32 cents to close at $74.18 per barrel Industry figures showed that the commodity dipped in price by 0.43 per cent when compared to its…
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Rising crude oil prices at the international prices could cause Nigeria’s incremental payment of fuel subsidy and other economic ills which may have been avoided if the country’s economy is in good shape, Daily Independent can report. …
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