OPEC

Key members of OPEC are wary that strains in the OPEC+ alliance could reemerge with Joe Biden as U.S. President, sources close to the organisation said, and would miss President Donald Trump who went from criticising the group to helping…
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The Organization for Petroleum Exporting Countries, OPEC has eulogized contributions of the European Union, EU at ensuring stability as the coronavirus pandemic sweeps across global oil market. Secretary-General of the Organization,…
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OPEC’s secretary general said on Monday an oil market recovery may take longer than hoped as coronavirus inflections rise around the world, and OPEC and its allies would “stay the course” in balancing the market. The Organization of the…
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There is every indication that the OPEC+ production cut target might be extended a little far into the coming year according to the Russian President, Vladimir Putin. This is even as Nigeria is struggling to meet her current quota target. …
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The Organization of Petroleum Exporting Countries, OPEC, has forecasted that global oil demand will plateau in the late 2030s and could by then have begun to decline. The OPEC gave the indication in a major shift for the producer group…
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The Organisation of Petroleum Exporting Countries, and its allies known as OPEC+ alliance have agreed to ensure oil prices do not plunge steeply again when it meets to set policy at the end of November. OPEC Secretary-General Mohammad…
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Oil prices rose more than two per cent on Monday, lifted by comments from doctors for U.S President Donald Trump, suggesting he could be discharged from hospital as soon as Monday. This is just a few days after his positive coronavirus…
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*As OPEC warns of leaner demand ahead Thirty per cent of world’s oil demand has been affected by the lockdown from the COVID-19 pandemic, it was learnt. Secretary-General, Organisation for the Petroleum Exporting Countries, OPEC,…
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The Organization of Petroleum Exporting Countries (OPEC) oil output rose for a third time in September, a Reuters survey found, as a restart of some Libyan installations and higher Iranian exports offset strong adherence by other members…
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OPEC's expected supply/demand balance would result in Organisation for Economic Co-operation and Development (OECD) commercial stocks standing well above the latest five-year average in 3rd Quarter of 2020, Secretary-General of OPEC, His…
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