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…
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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, gasoline…
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…
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,…
Global Oil Sector Require $11.8 Trillion Investment as Energy Demand to Increase to 60 Percent by…
The Organization of the Petroleum Exporting Countries (OPEC) has said the global oil and gas sector requires over $11.8 trillion…
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…
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…
OPEC Celebrates 60th Anniversary
The Organization of Petroleum Exporting Countries (OPEC) on Monday 14th September 2020 celebrated its 60th anniversary while oil…
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…
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…
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…
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…
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 factories…
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 of…
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 around the…
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…
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+…
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 Africa, -- In a…
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…
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 see production decline CAPE
TOWN,…
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…
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…
OPEC, GECF sign MoU to strengthen cooperation
Moscow, - The Secretaries General of the Organization of the Petroleum Exporting Countries (OPEC) and the Gas Exporting…
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…
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…
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 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…
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,…
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…
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 of…