OPEC

By Teddy Nwanunobi The Organisation for Petroleum Exporting Countries (OPEC), on Monday, said it has revised its global economic growth forecast for 2021 up by 0.1 production parity (PP) to reach 5.5 per cent year-on-year (y-o-y). …
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By Teddy Nwanunobi The Organisation for Petroleum Exporting Countries (OPEC), on Monday, said it has revised its global economic growth forecast for 2021 up by 0.1 million barrels per day (mbpd) to reach 5.5 per cent year-on-year…
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By Teddy Nwanunobi Oil prices climbed in early Asian trade on Monday. This was supported by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to the Organisation of Petroleum Exporting Countries…
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OPEC and its allies have overproduced their quotas by a cumulative 3.316 million b/d through the end of March, with Russia and Iraq the most egregious offenders, according to an internal document seen by S&P Global Platts. Under the…
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By Teddy Nwanunobi The Nigerian National Petroleum Corporation (NNPC) has disclosed that Nigeria maintained a daily crude oil production of 1.43 million barrels per day in the first quarter of 2021. This is even as the Corporation…
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By Teddy Nwanunobi Due to fears of rising Coronavirus (COVID-19) Pandemic in India, the Organisation of Petroleum Exporting Countries (OPEC) and its allies on the Joint Technical Committee (JTC) have decided to maintain the cartel’s…
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By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC), on Tuesday, said that its price of a basket of 13 crudes stood at $63.22 a barrel on Monday. The above price is compared with $63.63 the…
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By Teddy Nwanunobi The Organisation of the Petroleum Exporting Countries (OPEC), on Monday, said that its price of basket of 13 crudes stood at $63.63 a barrel on Friday. The above price is compared with $63.06…
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By Teddy Nwanunobi Ahead of the 29th Meeting of the Joint Ministerial Monitoring Committee (JMMC) and the 16th OPEC and non-OPEC Ministerial Meeting (ONOMM) scheduled for Wednesday, April 28, 2021, the Joint Technical Committee (JTC),…
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Following a six-percent weekly gain last week, oil prices were slightly up yesterday morning, erasing earlier losses as the United States’ dollar weakened again. WTI Crude was up 0.32 percent at $63.30 and Brent Crude was trading up…
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