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OPEC+ Increases Its Oil Market Surplus Forecast By 100,000 Bpd

OPEC+ now expects the oil surplus on the market this year to be higher than its previous estimate by 100,000 barrels per day (bpd),...

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OPEC+ Panel Didn’t Discuss Suspending Russia’s Oil Quota In The Deal

The Joint Technical Committee (JTC) of the OPEC+ group did not discuss suspending Russia’s quota in the oil production deal at the meeting on...

Energy

OPEC+ Cuts Global Oil Demand Forecast For This Year

OPEC's technical panel has cut the oil demand forecast by 200,000 bpd for 2022.O OPEC now sees global demand grow by 3.4 million...

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Oil Prices Hit $110 As Europe Prepares To Ban Russian Crude

In one month, the European Commission proposes to ban all shipping, brokerage, insurance and financing servers related to the import and transport of...

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OPEC+ Sees Smaller Oil Market Surplus In Q1

...OPEC+ sees smaller oil market surplus at the beginning of 2022 ...Lower expected oil supply from non-OPEC+ producing nations was the key reason for a...

Business

OPEC Hails Nigeria As Oil Price Rises To Record $58pb, 11-month High

Exceeds Output Cut Target The Organisation of Petroleum Exporting Countries (OPEC) on Wednesday said Nigeria and its other members had achieved...

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