OPEC

There is uncertainty over the Organisation of Petroleum Exporting Countries (OPEC) and allies’ plan to return supply to the market after the group’s output cuts, while the covid-19 pandemic continues to spread across many major economies…
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Reuters quoted today, Tuesday, sources confirming the postponement of the Saudi oil company, Aramco, the announcement of official selling prices for crude oil, for the month of September, until early next week. …
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Russia’s Energy Ministry said on Sunday that the country’s oil output in July was unchanged from levels seen in June, in line with an OPEC+ agreement. The ministry added that its level of compliance with the deal in July was close that…
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The OPEC-Nigeria Bilateral Meeting that held last week has sent yet another signal of the strong cooperation between the Organization of Petroleum Exporting Countries (OPEC) and Africa's biggest producing country. A statement by APO…
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Sign up here for GlobalData's free bi-weekly Covid-19 report on the latest information your industry needs to know. Oil prices have decreased due to an increasing number of coronavirus (Covid-19) cases and tensions between the US and…
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The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Mohammad Barkindo, has said political leaders in some of the world’s most powerful nations helped in building consensus to curb the crisis in the…
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Chief Timipre Sylva, Nigerian Minister of State for Petroleum Resources had a phone discussion with HRH Prince Abdulaziz Bin Salman Al Saud, the Saudi Minister for Energy during which the two ministers focused on developments in the global…
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Oil prices fell on Wednesday as the United States government data showed a surprise rise in the country’s crude inventories, and as tensions escalated between the US and China. The international oil benchmark, Brent crude, fell 55…
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Oil rose on Tuesday, helped by positive news about vaccine trials and an EU stimulus deal, taking prices to levels last seen when an oil price war erupted in early March between Russia and Saudi Arabia. Benchmark Brent crude was up…
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As the world battles the effect of recovering demand as a result of the unabated COVID19 virus, statistics shows that Nigeria’s flagship crude, Bonny light closed at $43.17 after losing about 1.57% at the last oil trading session. …
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