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Tag: OPEC
2018 to 2040: OPEC projects 14.5mbd oil demand increase
Oge Obi
The Secretary-General, Organization of the Petroleum Exporting Countries, OPEC Mohammad Barkindo has said that oil remains relevant for over a long period of...
OPEC daily basket price drops to $61.85 per barrel
The price of Organisation of Petroleum Exporting Countries, OPEC basket of 14 crudes stood at $61.85 a barrel on Thursday, compared with $62.68 the...
Oil, gas to provide more than half of the world’s energy...
The Secretary General of the Organisation of Petroleum Exporting Countries, (OPEC), Mohammed Barkindo has said Oil and gas together are still expected to provide...
Nigeria not joining OPEC oil cap anytime soon
Indications are that Nigeria may not be joining the Organisation of the Petroleum Exporting Countries, OPEC’s oil output cap anytime soon as data obtained...
OPEC Countries Require $10.5tr To Meet Global Oil Demand
Members of the Organisation of the Petroleum Exporting Countries (OPEC) are said to require investments of about $10.5trillion to meet the projected increase in...
Against Skeptics’Expectation, a Balanced Oil Market Now In Sight, OPEC
By Oge Obi
The Organisation of Petroleum Exporting Countries (OPEC) Secretary General, HE Mohammad Sanusi Barkindo has said that against skeptics disbelief on its December...
OPEC Predicts Oil and Gas to Remain World’s Most Important Energy...
Abu Dhabi, UAE – The latest edition of the OPEC World Oil Outlook predicts oil will remain the world’s largest source of energy over...
OPEC Records 120% Conformity, As Nigeria Predicts Capping Production in 2018
By Oge Obi
The OPEC-Non-OPEC producing countries’ Joint Ministerial Monitoring Committee (JMMC) has stated that based on the report of its Joint Technical Committee (JTC)...
What OPEC Must Not Fail to Do (ANALYSIS)
Oge Obi
The emerging cheering reports of from the September sittings of OPEC's Joint Ministerial Monitoring Committee (JMMC) is only but an evidence of what unity...
OPEC Records Unprecedented Conformity Level of 116 Per Cent
Oge Obi
In its effort to stabilize the global oil market, the Organisation of Petroleum Exporting Countries through its Joint Ministerial Monitoring Committee (JMMC) has...
OPEC Meets As Oil Prices Hit $57
Oil prices were largely up yesterday as traders waited to see whether oil- producing countries set to meet in Vienna, Austria would extend production...
OPEC Frees Nigeria from Fixing Quotas for Crude Oil Cap Deal
Oge Obi
Nigeria has been freed by the Organisation of the Petroleum Exporting Countries, OPEC from fixing quotas in the ongoing OPEC/Non-OPEC crude oil cap...
OPEC Pressure: Why Nigeria Won’t Cut Production Yet
Nigeria is likely to come under immense pressure from the Organisation of the Petroleum Exporting Countries, OPEC, this month to cut its crude oil...
Hurricane Harvey Ratchets Up Pressure for OPEC to Rebalance the Market
Historic flooding in the U.S. state of Texas is likely to make it harder for the Organization of Petroleum Exporting Countries (OPEC) to succeed in its...
Oil Prices Dip As Prospect Of Deeper OPEC Output Cut Dims
Oil slipped to one-week lows, as several OPEC and non-OPEC ministers met to discuss a pact to curb oil output but the prospect of...
OPEC Secretary General meets with the President and Prime Minister of...
OPEC Secretary General, HE Mohammad Sanusi Barkindo, met yesterday with the President of Equatorial Guinea, HE Teodoro Obiang Nguema Mbasogo and the Prime Minister, HE...
Nigerian oil minister unable to attend Russia meeting -Kuwait minister
Nigeria’s oil minister is unable to attend the OPEC and non-OPEC ministerial monitoring committee meeting in Russia in July, Kuwait Oil Minister Essam al-Marzouq...
Lasting Stability Critical to Restoring Confidence in Future Global Oil Market
“Stability in Oil market will Amplify Investments and Encourage Petroleum Output Expansion,” says OPEC Secretary General
OPEC World Oil Outlook 2016: Global Energy Demand to...
OPEC List Challenges Confronting Global Oil Market
The Organisation of the Petroleum Exporting Countries (OPEC) has listed the challenges confronting the oil market to include uncertain prospects for the global economy;...
Nigeria’s Oil Output Rises To 1.9 Million Bpd Due To Repairs...
Oil production in Nigeria has risen to about 1.9 million barrels per day (bpd), from 1.6 million bpd, due to repairs and more than...
