OPEC

There is a major false belief about the oil industry that's held by most of the public and only serves to get you to buy crude over a longer period. That belief: Oil companies and organizations like OPEC want crude prices to be…
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The Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), His Excellency, Mohammed Sanusi Barkindo, is participating in the International Petroleum Technology Conference (IPTC) 2020, which is taking place for the…
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Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, weekend, disclosed that Nigeria grew its crude oil output 2.2 million barrels per day in December. This was in disregard to the deal…
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Buhari who doubles as the country’s Minister of Petroleum Resources met with Sylva at about 3pm to 3.41pm at the Presidential Villa, Abuja. President Muhammadu Buhari President Muhammadu BuhariNigeria’s President, Muhammadu Buhari,…
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Oil prices rose a further two per cent on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike which killed a top Iranian military commander.…
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OPEC oil output fell in December as Nigeria and Iraq adhered more closely to pledged reductions and top exporter Saudi Arabia made further cuts ahead of a new production-limiting accord, a Reuters survey found. On average, the 14-member…
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1. United States Production: 17,886,000 bpd Number one on this list of the top 10 oil-producing countries is the US. It produced the most oil in 2018, with output increasing from 15,647,000 bpd in 2017 to 17,886,000 bpd in 2018. …
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…As Iraq remains the ‘bad boy’ of the cartel Organization of Petroleum Exporting Countries, (OPEC) has resolved to exercise critical compliance control on members after it came up with a resolution on Friday to deepen production cut by…
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-By Kenny Folarin The Organization of Petroleum Exporting Countries (OPEC) and its allies led by Russia, yesterday in Vienna, agreed on additional output cuts of 500,000bpd. It is said to be one of the deepest output cuts this…
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His Excellency Manuel Salvador Quevedo Fernandez, Venezuela’s People’s Minister of Petroleum and President of the OPEC Conference 2019, welcomed Nigeria’s Minister of State for Petroleum Resources, Chief Timipre Sylva and the Saudi Energy…
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