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Business

OPEC Commends Buhari, NASS On PIB Passage

The Organisation of Petroleum Exporting Countries (OPEC) has commended President Muhammadu Buhari and the National Assembly on the passage of the Petroleum Industry Bill...

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OPEC Member Countries Lost $1trn To Oil Price Plunge In Two Years, Says Sec. Gen

The Secretary General, Organisation of Petroleum Exporting Countries( OPEC), Dr Mohammad Barkindo, has disclosed that OPEC member countries lost about $1 trillion USD to...

Business

Oil Prices Hit 2-Year High On OPEC+ Optimism

By Irina Slav Crude oil prices strengthened further this week hitting their highest level in more than two years, after OPEC+ signaled its growing optimism about...

News

OPEC Reaffirms Commitment To Stable Global oil Market

The Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Meeting has reaffirmed its commitment to a stable global market in the mutual interest...

Business

OPEC+ Troubled By India’s Oil Demand Amid Record Covid Cases

Julianne Geiger The Joint Technical Committee of OPEC+ is concerned about the growing case numbers in India, Japan, and Brazil, Reuters sources said on Monday. The...

Energy

OPEC+ Compliance With Oil Cuts In March Largely Due To Saudi Arabia – IEA

The alliance of the OPEC+ oil producers was able to achieve the 113 per cent oil cuts agreement reached last month largely due to...

Business

U.S. Warns China Against Buying Iranian Crude Oil

By Irina Slav The United States has warned China that it will not turn a blind eye to rising Iranian oil exports to Chinese ports,...

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