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Barkindo: African Petroleum Organisation Condoles With Buhari

Secretary General of the African Petroleum Producers’ Organisation (APPO), Dr Omar Farouk Ibrahim, on Thursday, condoled with President Muhammadu Buhari over the sudden demise...

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Oil Prices Spike As OPEC Reveals Production Loss For May

OPEC produced a total of 28.508 million bpd in May. OPEC production fell by 176,000 bpd compared to April. Nigeria and Libya saw...

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OPEC+ Sticks To Plan To Add 400,000 Bpd Oil Production In February

...The move was widely expected by the market ...Oil rose 1% just after the meeting concluded The OPEC+ group decided on Tuesday to add another 400,000...

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$70 Oil Won’t Keep OPEC Happy

...Oil prices plunged on Friday on renewed fears of a COVID-19-fueled drop in demand. ...OPEC has been slow to open the taps despite soaring oil...

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OPEC Advocates Sustainable Policies Towards Reducing Emissions

The Organisation of the Petroleum Exporting Countries (OPEC) says the delicate balance between reducing emissions, energy affordability and security requires comprehensive and sustainable policies. The...

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UAE: Oil Price Would Be Double Without OPEC+

Oil prices would be double what they are today if it wasn’t for the concerted actions by OPEC+ to manage supply and demand, the...

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Only OPEC Has The Power To Send Oil Prices To $100

...Vladimir Putin believes that oil prices could soon reach $100, and he isn’t alone in that belief ...We haven’t seen $100 oil since 2014...

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