OPEC
Oil Market: Global demand to grow by 6 mb/d in 2021 ― OPEC
By Udeme Akpan Despite the prolonged Coronavirus pandemic, the Organisation of Petroleum Exporting Countries, OPEC, has predicted that the global demand will increase by six million barrels per day, mb/d
OPEC+ approves only modest oil output increases
Oil producing countries grouped together under the OPEC+ alliance led by Saudi Arabia and Russia agreed Thursday to only limited output increases as of next month. Crude prices shot higher
In Bid to Boost Prices, Saudi Arabia Ready to Extend Oil Cuts By OPEC+
Saudi Arabia is prepared to support extending oil cuts by OPEC and allies into May and June and is also ready to extend its own voluntary cuts to boost oil
OPEC+ to reconvene to navigate crude market volatility
The OPEC+ grouping of oil producers will hold its third ministerial summit of the year via videoconference Thursday to discuss output cuts in the face of fresh price volatility. “The
Gas is vital to Nigeria’s future – OPEC
The Organisation of Petroleum Exporting Countries (OPEC) says gas remains vital to Nigeria’s future in the global oil and gas sector. The OPEC Secretary General, Mohammad Barkindo, disclosed this
OPEC Slashes Q2 Oil Demand Estimate by 690,000 bpd
The Organisation of Petroleum Exporting Countries (OPEC) on Thursday pruned the demand outlook for crude oil in the next two quarters, in keeping with the group’s plans to keep a
OPEC Slashes Q2 Oil Demand Estimate by 690,000 bpd
The Organisation of Petroleum Exporting Countries (OPEC) on Thursday pruned the demand outlook for crude oil in the next two quarters, in keeping with the group’s plans to keep a
Oil Market: OPEC puts Nigeria’s oil output at 1.4 mbpd
***showing 17.6% drop against 1.7 mb/d 2020 output By Udeme Akpan The Organisation of Petroleum Exporting Countries, OPEC, has put Nigeria’s February 2021, oil output at 1.4 million barrels per
OPEC+ deal boosts oil prices as inflation fears dog stocks
Oil prices jumped higher Thursday after OPEC+ countries allowed crude production to rise only slightly, while US stocks unwound over concerns about rising inflation despite the Federal Reserve’s attempt to
Global growth estimate of 4.8% will increase oil demand, market stability in 2021— OPEC
By Udeme Akpan THE Organisation of Petroleum Exporting Countries, OPEC, has stressed that the estimated 4.8 per cent global growth will culminate in oil market stability this year. This is
