OPEC

Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Sanusi Barkindo, has bemoaned the contradictions in the world’s richest countries’ call for more oil production and at the same time stopping investment…
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Drivers braced for the £100 tank of petrol as oil price continues to rise <img…
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The black liquid has started the new week on a bullish note, with the global benchmark, the Brent, pushing above $120 a barrel after Saudi Arabia hiked prices for its crude sales in July, signalling tight supply even after OPEC+ agreed…
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The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria lost about 22.658 million barrels of crude oil valued at N1.22tn in the first quarter of 2022. OPEC made this known in a series of data contained in various…
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President of the Bolivarian Republic of Venezuela, HE Nicolas Maduro Moros conferring HE Mohammad Sanusi Barkindo, OPEC Secretary General the highest Venezuelan civil award, the Order of Francisco de Miranda, in its first class. The…
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The Organisation of Petroleum Exporting Countries (OPEC), has affirmed its decisions for upward adjustment of the monthly overall production by 0.435 million barrels per day (mb/d), for June 2022. This followed the conclusion of the…
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Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and Europe’s biggest economy Germany was speeding up plans to wean itself off Russian oil while coronavirus outbreaks clouded China’s economic outlook. …
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Projected demand drop of over 1.4 million barrels per day of crude oil at the international market may provide brief succour for Nigeria’s economy, which has been gasping for breath over soaring oil prices. Although a rise in oil…
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The number of functional crude oil production rigs in Nigeria decreased by 37.5 per cent to just 10 operational rigs in March 2022, the Organisation of Petroleum Exporting Countries has said. An oil rig, offshore platform, or oil…
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Oil prices tumbled 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) reduced its economic growth forecasts and warned of higher inflation. Prices fell despite lower output from OPEC+,…
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