OPEC

Days before OPEC’s production cuts started on January 1, France’s Total had started up oil production from Nigeria’s ultra-deepwater oil field Egina, which is expected to produce 200,000 bpd at peak output. The French supermajor began…
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Over 10,000 contract staff on the employment of international oil companies (IOCs) and local crude producers will not be confirmed in 2019. This came as the companies advanced plans to cancel many projects that they consider to be…
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Organisation of Petroleum Exporting Countries, OPEC, has harped on the positive roles of Angola, as the Secretary-General, OPEC, Dr. Mohammad Sanusi Barkindo, visits Luanda, Angola. In its recent lecture, OPEC and its role in…
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Oil markets have always been cyclical, and now even more so with advanced electronic trading, more speculation (which often results in wider oil price swings) and more producers, including the resurgence of U.S. oil production, now…
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A day after the American Petroleum Institute pressured already stressed oil prices further with an unexpected inventory build, the Energy Information Administration reported instead that crude oil inventories were virtually unchanged for…
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OPEC and Russia-led non-OPEC oil producers are highly unlikely to create some kind of a formal joint organization for managing the oil market, due to the additional bureaucracy and to the risk of falling prey to a proposed U.S.…
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