OPEC

Nigeria’s drive to strengthen its energy security and maintain its place in the global oil and gas market is coming under pressure as inadequate private sector investment threatens future supply stability. This warning follows fresh…
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Merger and acquisition activity has now fallen for three straight quarters, according to Enverus, marking a sharp departure from a period of blockbuster deal activity that included the $60 billion combination of Exxon Mobil and Pioneer…
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Global oil prices rebounded sharply this week, with Brent crude climbing back above $70 per barrel, as geopolitical tensions and supply uncertainties rattled energy markets. For Nigeria, Africa’s top oil producer, the rally offers…
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Oil prices climbed on Friday, on track for a weekly gain of more than 4%, as Ukraine’s attacks on Russia’s energy infrastructure prompted Moscow to curb fuel exports. Brent futures gained 89 cents, or 1.28% to $70.31 a barrel. U.S.…
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Maryamu Idris. Credit: NNPC The Nigerian National Petroleum Company has congratulated Maryamu Idris on her appointment as Nigeria’s National Representative to the Organisation of the Petroleum Exporting Countries (OPEC). Announcing…
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Crude oil prices rallied yesterday with slight gain to begin the week on a positive. While the Brent crude traded at $66.99, recording a gain of $0.62 or 0.93 per cent, the West Texas Intermediate (WTI), also gained $0.32, or 0.51 per…
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*Global oil flow. According to the Organisation of Petroleum Exporting Countries’ (OPEC) monthly report released in July 2025, the OPEC Reference Basket (ORB) value increased significantly by $6.11 (9.60%), rising from $63.62 per barrel…
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OPEC Secretary General HE Haitham Al Ghais, on behalf of the OPEC family, extended his deepest condolences on the tragic passing of the former President of Nigeria, Muhammadu Buhari, in a visit to the Nigerian Embassy in Vienna,…
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OPEC Headquarters in Vienn The Organisation of the Petroleum Exporting Countries (OPEC)has called for urgent and sustained investment in the global upstream oil sector, warning that a cumulative $14.9tn will be required between 2025 and…
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The global oil market is keeping a close eye on the Organization of Petroleum Exporting Countries (OPEC), which is unwinding output cuts at a faster rate than originally planned to punish over-producers. The OPEC+, which includes…
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