OPEC

NIES 2025: OPEC Urges Africa to Unlock 120 Billion Barrels of Oil Reserves

The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, has called on African nations to…

8 months ago

Op-Ed: If oil disappeared tomorrow….

Article by HE Haitham Al Ghais, OPEC Secretary General. If oil disappeared tomorrow, there would be no more jet fuel,…

2 years ago

NNPC Ltd, OPEC Pledge Collaboration to Attract Investments, Grow Production

The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Organization of the Oil Exporting Countries (OPEC) have pledged to work…

2 years ago

OPEC Announces New Production Cuts, Appoints Libya, Nigeria as Chair in Board of Governors

By Ndubuisi Micheal Obineme In an eventful 36th OPEC and non-OPEC Ministerial Meeting (ONOMM) convened on November 30, 2023, significant…

2 years ago

Global Oil Sector Require $11.8 Trillion Investment as Energy Demand to Increase to 60 Percent by 2045

The Organization of the Petroleum Exporting Countries (OPEC) has said the global oil and gas sector requires over $11.8 trillion…

3 years ago

OPEC Secretary General, Mohammad Barkindo, Dies at 63

The Secretary-General, Organisation of the Petroleum Exporting Countries (OPEC), Dr. Mohammed Barkindo, has passed away at the age of 63.…

3 years ago

GECF Joins OPEC Ministerial Roundtable on Energy, Climate and Sustainable Development

Doha, QATAR – 08 September 2021: The Gas Exporting Countries Forum (GECF), the global platform of the leading gas producing…

4 years ago

OPEC Celebrates 60th Anniversary

The Organization of Petroleum Exporting Countries (OPEC) on Monday 14th September 2020 celebrated its 60th anniversary while oil prices continue…

5 years ago

Nigeria reaffirms Commitment to Comply with OPEC+ Production Agreement

Following the conclusion of the OPEC and non-OPEC meeting held on June 6th, 2020, Nigeria has reconfirmed its commitment to…

5 years ago

OPEC Calls on Oil Producers to Adhere to Production Adjustment

The 11th OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Saturday, 06 June 2020, under the Chairmanship of…

5 years ago

OPEC+ Extends First Phase Production Adjustment till July 2020

The 179th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held via videoconference, on…

5 years ago

Chief Sylva clears air, denies reports that Nigeria is yet to comply with OPEC+ Production Cut

The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, has cleared the air on media reports that Nigeria…

5 years ago

Oil prices rise as countries relaxed coronavirus restrictions

NEW YORK (Reuters) - Oil prices rise in the last two weeks as some countries relaxed coronavirus restrictions to allow…

5 years ago

OPEC Call for Papers on its Energy Review-Journal

The OPEC Energy Review is a quarterly energy research journal published by the OPEC Secretariat in Vienna. Each issue consists…

6 years ago

OPEC Says Oil Price May Rise To $40 In Second Half Of 2020

OPEC has predicted that oil prices are set to recover with the OPEC+ production cuts and gradual lifting of lockdowns…

6 years ago

Sebastian Wagner: OPEC still has an important role to play in the Global Oil Market

By Sebastian Wagner JOHANNESBURG, South Africa, -- Scan Western news about OPEC from the last few years and a common…

6 years ago

South Sudan joins OPEC, Russia, and Saudi Arabia to stabilise the Oil Market

Along with other African producing countries, South Sudan has been a key supporter of the Declaration of Cooperation and OPEC+…

6 years ago

OPEC+ slashes production, saves Oil Industry from collapse

Up to 20 million barrels of oil per day could come off the market in combined efforts CAPE TOWN, South…

6 years ago

Nigeria will start producing 1.412 to 1.579 million bpd, says minister

By Ndubuisi Micheal Obineme Following the recent OPEC meeting to curtail production, Nigeria's Minister of State for Petroleum Resources, Chief…

6 years ago

G20 backs OPEC+, But Deal in Jeopardy as Mexico Refuses Cuts

... Mexico is the lone holdout in a global deal to save the oil and gas industry. US set to…

6 years ago

Nigeria, OPEC+ Join Forces to Stabilise Global Oil Markets

By Ndubuisi Micheal Obineme Nigeria has joined other OPEC+ counterparts in a historic curtailment of crude oil production to rebalance…

6 years ago

OPEC+ agrees to cut down production by 10 million bpd in May 2020

The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries led by Russia, have agreed to cut down production by…

6 years ago

OPEC, GECF sign MoU to strengthen cooperation

Moscow, - The Secretaries General of the Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting Countries Forum…

6 years ago

Equatorial Guinea: Oil Producers should ‘Stand Together’

Collaboration of Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers in committing and adhering to oil production cuts…

7 years ago

African Energy Chamber urges oil producers to support OPEC’s efforts on stabilizing the oil markets

The Chamber urges African producing nations, both those that are Organization of the Petroleum Exporting Countries (OPEC) members and Non-OPEC…

7 years ago

OPEC, non-OPEC members’ oil cut deal hit over 130%

By Ayobami Adedinni The level of conformity to the Declaration of Cooperation by Organisation of Petroleum Exporting Countries (OPEC) and…

7 years ago

OPEC to hold 7th International Seminar in Austria

The Organization of the Petroleum Exporting Countries (OPEC) will host the 7th OPEC International Seminar at the Imperial Hofburg Palace…

8 years ago

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,…

8 years ago

Oil, gas to provide more than half of the world’s energy needs till 2040 – Barkindo

By Ayobami Adedinni The Secretary General of the Organisation of Petroleum Exporting Countries, (OPEC), Mohammed Barkindo has said Oil and…

8 years ago

Nigeria’s Bonny Light crude oil hits $67.10 per barrel

The price of Nigeria’s Bonny Light crude oil reached $67.10 per barrel to emerge the highest priced product among members…

8 years ago