OPEC

Two weeks ago, the Organisation of Petroleum Exporting Countries (OPEC) announced the appointment of Nigeria’s Minister of State for Petroleum Resources, Chief Timipre Sylva to act as special envoy to four countries, which includes,…
Read More...

Oil prices fell on Thursday, paring recent gains, as renewed lockdowns and the emergence of new coronavirus variants reduced the prospect of a swift demand recovery. Brent crude fell 20 cents, or 0.3%, to $61.27 a barrel by 1453 GMT and…
Read More...

The organization of petroleum exporting countries has postponed its 60th anniversary celebration which was slated for the 26th of February 2021 in Baghdad, the Iraqi capital, to May 2021. In a memo addressed to the entire oil producing…
Read More...

Brent oil prices Monday shot past $60 a barrel for the first time in more than a year Monday with investors growing increasingly optimistic about demand as the global economy recovers from the coronavirus pandemic. The…
Read More...

· Fear of social disturbances stalls new pump price · FG now subsidising PMS without budgetary provision As Brent Crude traded at $59.34 per barrel at the international oil market on Friday, the federal government is in a dilemma to…
Read More...

The Organisation of Petroleum Exporting Countries (OPEC) yesterday said its members had achieved 101 per cent adherence to crude oil output cut mandatorily agreed upon last year to curb huge supply glut. This is coming as oil price rose…
Read More...

His Excellency Timipre Sylva, Nigeria's Minister of State for Petroleum Resources, has been appointed Special Envoy for further consultations with DoC Participating Countries, an OPEC press statement has said. At the 26th Meeting of the…
Read More...

The 26th Meeting of the Joint Ministerial Monitoring Committee (JMMC) took place via videoconference on Wednesday, 3 February 2021, under the Chairmanship of HRH Prince Abdul Aziz bin Salman, Saudi Arabia’s Minister of Energy, and Co-Chair…
Read More...

...insists World’ll still depend on oil, gas for 50% energy need by 2045 The renewables will not come anywhere close to overtaking oil and gas in the decades ahead, Secretary General of the Organisation of Petroleum Exporting Countries…
Read More...

The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad Barkindo, says the oil and gas sector will still supply over 50 per cent of the global energy needs by 2045. Barkindo made that assertion…
Read More...