OPEC

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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By Teddy Nwanunobi The Economic Commission Board (ECB), the economic and technical think-tank of the Organisation of the Petroleum Exporting Countries (OPEC), has commenced a two-day meeting on Tuesday via videoconference to conduct a…
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The price of the international crude benchmark, Brent crude, climbed to $73.17 per barrel on Monday, June 14. This is the highest level it has reached since October 2018. One of the major drivers of this is the rollout…
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-By Saidu Abubakar Stringent regional lockdowns resulting in weak consumption, following COVID-19 pandemic in India, have forced Nigeria's crude variants to now seek other buyers in Asia and Europe. Agncy reports quoted S&P…
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Crude oil prices could rise to $200 per barrel as international oil companies curb their investments in new exploration and production, the Nigerian National Oil Corporation said this week. The effect of investment decisions being made…
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