Organisation of Petroleum Exporting Countries

The Organization of the Oil Exporting Countries (OPEC) has advised Nigeria to improve crude oil production to continue to be a reliable source of energy to the world. The Secretary-General of OPEC, Haitham al-Ghais, stated during a…

The Organisation of Petroleum Exporting Countries (OPEC) says the global oil sector needs about US$ 12.6-trillion investment to enable it to contribute to achieving future global oil demand. The OPEC Secretary-General, Dr Mohammad…

As Nigerian government rallies every available revenue to keep the nation afloat, a strict deal by the Organisation of Petroleum Exporting Countries (OPEC) that Africa's biggest oil-producing country cut daily production by 939,000 barrels…

The unfortunate truism that whenever crude oil price is rising, it presents two-way conditions for Nigerian economy is beginning to play out as global oil prices traded above $51 per barrel for the first time since March after the release…

The Organisation of Petroleum Exporting Countries (OPEC) has reported slight recovery of the global oil economy from the COVID-19 pandemic crisis. The Secretary-General of OPEC, Mohammad Sanusi Barkindo, said the organisation…

TAYO ELEGBEDE The Organisation of Petroleum Exporting Countries (OPEC) has called for vigilance by its Joint Technical Committee (JTC) and Joint Ministerial Monitoring Committee (JMMC) in the monitoring of the global oil market…

Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War after Saudi Arabia signalled it would hike output to win market share when the coronavirus has already left the market…

Hopes were raised in the oil industry Monday on the resolution of a month-long impasse on OPEC's next policy meeting with the scheduled meeting of Iran’s and Russian's oil ministers. The Organisation of Petroleum Exporting Countries…

OPEC and some non-OPEC producers decided to cut output by 1.2 million barrels per day for six months from January after world prices shed a quarter of their value in just a few weeks. Prices currently hover around $60 a barrel, down from…

The Organisation of Petroleum Exporting Countries has urged its member nations, not to mention oil prices when discussing policy in a break from the past, as the oil-producing group seeks to avoid the risk of US legal action for…