OPEC

Saudi Energy Minister Prince Abdulaziz Bin Salman Al Saud and Russian Energy Minister Alexander Novak. Photo: Reuters Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May, Russian…
Read More...

Saudi Arabia’s Energy Minister, Prince Abdulaziz bin Salman has stated in an interview with S&P Global Platts last week that Saudi Arabia is no longer an oil-producing country. “Saudi Arabia is no longer an oil country, it’s an…
Read More...

Amid optimistic demand expectations, the price of crude oil has made back all that it lost during the Covid-19 pandemic as oil futures finished the week by up to 5 per cent higher. According to Valuechain findings, Brent, the…
Read More...

Oil extended gains on Friday, topping $72 a barrel for the first time since 2019, as OPEC+ supply discipline and recovering demand countered concerns about patchy COVID-19 vaccination rollout around the globe. The Organization of the…
Read More...

·       Says industry’s future at stake By Teddy Nwanunobi The sum of $12.6 trillion worth of investments will be required until 2045, as the Organisation of the Petroleum Exporting Countries (OPEC) continues to advocate for the…
Read More...

LONDON (Bloomberg) --OPEC+ stuck to its plan to hike oil output in July, but Saudi Arabia’s energy minister kept the market guessing as to whether the group will add more supply later this year to keep pace with the accelerating global…
Read More...

By Teddy Nwanunobi The 17th Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Meeting (ONOMM), held via videoconference, on Tuesday, June 1, among other things, reaffirmed the existing commitment of the…
Read More...

By Teddy Nwanunobi For the first time in two years, Brent oil price, on Tuesday evening, crossed over $71 per barrel. Valuechain reports that the 17th Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial…
Read More...

LONDON (Reuters) - Climate activists who scored big against Western majors last week had some unlikely cheerleaders in the oil capitals of Saudi Arabia, Abu Dhabi and Russia. Defeats in the courtroom and boardroom mean Royal Dutch…
Read More...

OPEC oil output has risen in May as the group agreed to ease supply curbs under a pact with allies, a Reuters survey showed, although a drop in Iranian exports and involuntary reductions in African members limited the increase. The…
Read More...