OPEC

Saudi Arabia called out the cheats at yesterday’s OPEC meeting — the countries that hadn’t fully reduced oil output in May as agreed — and extracted promises that they would compensate with even deeper reductions in the third quarter. Now…
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The Federal government has restated its commitment to the April 2020 Oil Production cut agreement by OPEC+ Members. Timipre Sylva,the Minister of State for Petroleum Resources who stated Federal government’s position said Oil producing…
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The 179th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held via videoconference, on 06 June 2020, under the Chairmanship of its President, HE Mohamed Arkab, Minister of Energy of…
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The 11th OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Saturday, 06 June 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak,…
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*Brent up further as Saudi Arabia, Russia likely to extend 9.7million b/d quota Petroligica's free weekly round-up of the latest news in the oil market is as shown below: Brent has pushed up a little further this week, currently…
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Oil prices jumped today, Friday, as traders awaited the indicators of the OPEC + meeting, which was confirmed tomorrow, Saturday, where major oil producers will discuss whether to extend record production cuts. Brent crude futures rose…
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Oil prices jump and Brent heads to 14% weekly gain The Russian Energy Ministry announced today, Friday, that the "OPEC +" meeting will be held tomorrow, Saturday, the 6th of June. "I confirm this," the official spokeswoman for the…
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The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, has cleared the air on media reports that Nigeria is yet to comply with OPEC+ Production Cut. According to the statement made known to Oil and Gas Republic,…
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OPEC+ has tentative deal with Iraq on compliance with quotasAlliance to hold ministerial meeting on June 6 OPEC+ is set to extend production cuts to prop up the oil market after a breakthrough in high-stakes negotiations, and the…
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The Opec-plus alliance’s decision in April to cut production by a record 9.7 million barrels per day in the face of massive demand destruction has proved a relative success. Oil prices topped $40 per barrel this week, for the first…
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