OPEC

*Visits Congo’s national oil company By Teddy Nwanunobi In continuation with his mission to the Republic of the Congo, the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammad Barkindo, was,…
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Oil prices rose more than 5% on Monday, recovering from a seven-day losing streak due to a weaker dollar and strength in global equities markets. "Although the oil complex has generally been able to shrug off strength in the stock…
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By Teddy Nwanunobi The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), HE Mohammad Sanusi Barkindo, on Monday, began his mission to the Republic of the Congo by holding a bilateral meeting with…
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…marking OPEC’s first historic state visit to a regional oil giant With a view to driving growth and development in the energy sector, the Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), His…
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The OPEC+ group saw its overall compliance with the production cuts at 109 percent in July, down from 113 percent in June, Argus reported on Thursday, citing an internal report meant for the Joint Technical Committee (JTC) of the…
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Crude oil prices have dropped for the sixth consecutive day — longest losing streak since February 2020 — amid spike in fresh COVID-19 cases globally. Brent, the global oil benchmark, fell by 2.14 percent to $66.09, on Thursday…
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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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