OPEC

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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The Government of Nigeria wishes to assure the Nigerian and international communities that it is watching developments in the oil and gas industry with keen interest. A statement signed by the Honourbale Minister of State for petroleum…
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Nigeria’s Bonny Light and other light sweet crude oil grades across the world are facing challenges in the international market as they are no longer appealing to buyers. According to findings, while all other crude oil types are also…
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Leading world crude exporter Saudi Arabia on Thursday made a surprise call for a meeting of the OPEC+ oil producers to "stabilize the oil market" amid a price war. "The kingdom calls for an urgent meeting of OPEC+ and a group of other…
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...Saudi/Russia may cut production, end price war    ...Saudi calls emergency OPEC+ meeting Oil prices jumped on Thursday after United States President Donald Trump said he expected Saudi Arabia and Russia would agree to capping oil…
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