OPEC

Delivering remarks at the Annual Statistical Bulletin launch, today in Vienna, Austria, the OPEC Secretary General, Mohammad Sanusi Barkindo acknowledged Professor Jonas Puck of the Vienna University of Economics and Business for…
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The OPEC Secretariat today launched the 55th edition of one of its flagship publications, the Annual Statistical Bulletin (ASB), via videoconference and livestream on the OPEC website The launch was attended by Mohammad Sanusi…
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Oil prices fell by more than 1% in trading, Monday while attention is drawn to the results of the OPEC + meeting, this week, amid expectations of recommending to reduce production cuts. And Brent crude fell 46 cents, equivalent to 1.06%…
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Saudi Oil Minister Prince Abdulaziz bin Salman likes the idea of OPEC+ acting as the central bank of oil. And he expresses admiration for Alan Greenspan, former chairman of the U.S. Federal Reserve. The challenge now confronting the oil…
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Non-compliance by some Organisation of Petroleum Countries (OPEC) members, such as Nigeria, has raised concern of an oil price war, market-watchers warned at the weekend. One of the analysts, Director School of Energy Economics, Policy…
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Today, Friday, the President of Nigeria, Muhammad Buhari, may have signed the revised federal budget, according to the tweet of Bishr Ahmed, a Presidential Aide. Revised Nigeria budget revenue is based on the assumption of $ 25 a barrel…
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*Monthly Brent spot prices will average $41/bbl during the second half of 2020 and rise to an average of $50/bbl in 2021, the US Energy Information Administration (EIA) said in its July Short-Term Energy Outlook Monthly Brent spot…
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The oil price has been predicted to hit $100 per barrel in around 18 months. That’s what Orascom Investment Holding Chairman and CEO Naguib Sawiris believes, a new CNBC television interview has revealed.  “I actually believe that in,…
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After applying the largest price increases in 20 years in July Read in this article Aramco raises the selling price by $ 1.20 a barrel above the average prices of Oman / DubaiThe selling price to America increased by $ 1.65 a barrel…
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Estimates from the Petro-Logistics company to track tankers, concluded that OPEC cut oil production in June, by 1.25 million barrels per day from May levels, as part of the implementation of the agreement to reduce production in the OPEC +…
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