OPEC

Nigeria — Africa’s largest crude oil producer and an OPEC member — is backing an easing of output cuts by the producer group to push prices lower and more affordable for key consumers. Mele Kyari, the head of state-owned Nigerian…
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The OPEC+ group of oil-producing countries will meet on Thursday and are expected to agree to boost production in August in order to meet demand and dampen recent price rises. While improvement in demand drove the group’s most recent…
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The United States West Texas Intermediate and international-benchmark Brent crude oil futures rose for a fifth week last week as fuel demand rebounded on strong economic growth and increased travel during the northern hemisphere summer,…
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Nigeria’s export receipt from oil revenue, which slumped by 98 per cent from March to April, is set for a rebound as the Organisation of Petroleum Exporting Countries (OPEC) has forecast demand to exceed 99 million barrels per…
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Vienna, Austria, 23 June 2021--The 135th Meeting of the Economic Commission Board (ECB) of OPEC continued its deliberations today, Wednesday, 23 June 2021, via videoconference. The Organization of the Petroleum Exporting…
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The Organisation of Petroleum Exporting Countries(OPEC) and its allies are considering a further easing of oil output cuts from August as oil prices rise on demand recovery. However, no decision had been taken yet on the exact volume to…
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By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC) has congratulated António Guterres on his reappointment to a second term as the Secretary General of the United Nations Valuechain reports that…
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A recent annual report from the Organisation of Petroleum Exporting Countries (OPEC) has disclosed that Nigeria earned $997.1 billion from its sale of crude oil between 1990 and 2017, a period of 27 years. Founded in 1960, OPEC is a…
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Oil prices continued its rising trend as it further inched up yesterday with Brent gaining for a fifth consecutive session, as falling stockpiles and a recovery in demand encouraged investors. Brent crude was up 69 cents, or 0.9 per…
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The effect of investment decisions being made now will be felt in about five years, NNPC’s Group General Manager for National Petroleum Investment Management Services, Bala Wunti, said at the Nigeria International Petroleum Summit as…
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