OPEC

The Group of 20 plans to create an ad hoc group to ensure that steps to stabilize oil markets expected to be agreed on Thursday and Friday are implemented, according to a draft of the communique circulated to member countries. The body…
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The African Petroleum Producers' Organization (APPO) has followed with keen interest, the Meeting of the OPEC+ or Declaration of Cooperation Partners which held on Thursday, 9th April, 2020 and the Meeting of the G20 Energy Ministers which…
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The G-20 energy ministers have failed to agree on a cut in oil production, a statement released after long negotiations on Saturday said no cuts. Talks dragged on Friday to try to reach an agreement on a massive drop in oil production,…
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For the oil producing countries in OPEC and also OPEC+, a high price for crude is absolutely essential in order to keep their economies buoyant in this time of coronavirus crisis. Finally it looks as if two of the largest producers…
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Energy Ministers of G-20 have arrived at a decision to rebalance global oil markets hit hard by the coronavirus pandemic. Energy Ministers of G-20 have arrived at a decision to rebalance global oil markets hit hard by the…
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Mexico's refusal to reduce its oil production in line with the massive 10 million barrel per day cuts proposed by the OPEC-plus producer group has left the historic deal in limbo. Energy Intelligence sources confirmed that Mexico…
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Latin American nation had blocked Thursday’s agreementOPEC delegates say they’re unaware of terms of Amlo-Trump pact Andres Manuel Lopez Obrador Source: GDA via AP Images Mexico said it has reached an oil-production cuts agreement…
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Nigeria has joined other OPEC+ counterparts in a historic curtailment of crude oil production to rebalance and stabilize the global oil markets. Nigeria is participating in the pursuit of our commitment to the framework of the…
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Being a brief high-level introductory remarks delivered by OPEC Secretary-General, HE Mohammad Sanusi Barkindo, at the 9th (Extraordinary) OPEC and non-OPEC Ministerial Meeting on 9th April 2020, via webinar: Excellencies, Over the…
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The Nigerian National Petroleum Corporation says demand for Nigeria’s crude oil in March dropped by 6.8 million barrels due to the COVID-19 pandemic. The Group Managing Director of NNPC, Mele Kyari, said this on Channels…
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