OPEC

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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Brent, the crude against which Nigeria’s oil is priced, dropped in price on Monday morning following the agreement reached by members and allies of the Organisation of Petroleum Exporting Countries to increase oil production. Industry…
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OPEC has agreed to boost oil supplies amid a surge in prices, Reuters reported on Sunday. It said it will add 400,000 barrels each month by the end of the year and agreed to new production adjustments amounting to 1.63 million more barrels…
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Pegs global economic growth for 2022 at 4.1% Projects total oil demand for 2021 at 96.6mbpd By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC) Reference Basket (ORB) increased for the…
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By Teddy Nwanunobi Latest information from the Organisation of the Petroleum Exporting Countries (OPEC), following its meetings of July 12 to 14, said that the crude oil futures rose on July 13 as strong demand combined with the…
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