UAE likely to withdraw from OPEC+ over tensions with Saudi Arabia, Russia –…
With tensions running high between the United Arab Emirates and its petroleum allies, Saudi Arabia and Russia, Abu Dhabi considers…
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OPEC
OPEC revises 2021 global economic growth forecast, amid second wave…
The Organization of Petroleum Exporting Countries (OPEC) has revised down its 2021 global economic growth projections to 4.4 from…
COVID-19: OPEC Postpones 60th Anniversary Celebration
The Secretariat of the Organisation of the Petroleum Exporting Countries (OPEC) has decided to postpone the meeting of the group…
OPEC Output Rises 1mbdp as Producers Ease Cuts in August
Oil output from the Organization of the Petroleum Exporting Countries (OPEC) rose by about 1 million barrels per day in August, a…
OPEC forecasts steeper decline in oil demand
The Organization of the Petroleum Exporting Countries (OPEC) said that the world oil demand will fall by 9.1 million barrels per…
Nigeria produced 1.59mbpd of Crude Oil in May – OPEC
Nigeria’s estimated crude production fell by 185,000 barrels per day to 1.59 million in May following the country’s pledge to cut…
Oil gains two per cent as Nigeria, others reduce production
Oil futures gained more than two percent on Thursday after major producers at a meeting of the Joint Ministerial Monitoring…
Nigeria now totally compliant to OPEC+ quota – Mele Kyari
With its current daily oil production, Nigeria has over-complied with its OPEC+ quota, Mele Kyari, the group managing director of…
OPEC, OPEC+ extend oil output cut till July
The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC allies, known as OPEC+ have agreed to extend the…
Coronavirus: Again, Saudi Arabia cuts oil output, asks OPEC+ to follow suit
Saudi Arabia said on Monday it would add to existing oil output cuts by reducing production by another 1 million bpd next month —…