OPEC

OPEC daily basket price stood at $61.70 a barrel

Oil Market: OPEC’s World Oil Outlook for presentation September 28

The Organisation of Petroleum Exporting Countries, OPEC, has concluded plans to present its 2021 World Oil Outlook (WOO) via videoconference in Vienna, Austria, on Tuesday, 28 September 2021 at 14:30 (CEST). OPEC’s Secretary General, HE Mohammad Sanusi Barkindo, will present the major findings of the WOO 2021, as well as introduce a video with key […]

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OPEC daily basket price stood at $61.70 a barrel

OPEC puts 2022 global economic growth forecasts at 4.2%

OPEC puts 2022 global economic growth forecasts at 4.2% By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has put the global economic growth forecasts for 2022 at 4.2%. In its September 2021 Oil Market Report, obtained by The Daily, www.thedaily-ng.com, OPEC, stated that some ‘uncertainties such as the spread of COVID-19 variants and

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The 21st Special Meeting of the ECB concludes

The 21st Special Meeting of the ECB concludes The 21st Special Meeting of the Economic Commission Board (ECB), held via videoconference, concluded today, Monday, 13 September 2021. The Meeting was chaired by OPEC Secretary-General, HE Mohammad Sanusi Barkindo, and was attended by the National Representatives of OPEC Member Countries. The ECB conducted a thorough technical

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OPEC plans First Ministerial Roundtable on Energy, Climate and Sustainable Development for oil-producing countries

Venezuela has played a crucial role in OPEC’s history

By HE Mohammad Sanusi Barkindo The fourteenth of September is a date of profound significance for the Organization of the Petroleum Exporting Countries (OPEC). It was on this day in 1960 that the five Founding Fathers of OPEC, Juan Pablo Pérez Alfonzo of Venezuela; Abdullah al-Tariki of Saudi Arabia; Dr Tala’at alShaibani of Iraq; Dr

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OIL MARKET: Prices hit $86.55 per barrel on OPEC meeting

OPEC turns 61

OPEC takes pride in honouring and celebrating its rich and unique history and heritage, particularly on the Anniversary of its founding on 14 September 1960. The year 2021 marks the 61st Anniversary of that auspicious day and represents an opportunity to reflect on the Organization’s past and look to the future. Between 10 and 14

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JUST IN: OPEC+ raises Nigeria’s quota to 1.830 million bpd

OPEC’s ECB meets for its 21st Special Meeting

The 21st Special Meeting of OPEC’s Economic Commission Board (ECB) commenced via videoconference. The ECB is carrying out a detailed technical review of the Organization’s World Oil Outlook (WOO) 2021, including the COVID-19 pandemic challenge, as well as future developments related to energy policy and technology. OPEC Secretary General, HE Mohammad Sanusi Barkindo, opened the

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JUST IN: OPEC+ raises Nigeria’s quota to 1.830 million bpd

CLIMATE CHANGE: Undernourished people globally rose to 768m last year – equivalent to 10% of world’s population

By Dr. Diamantino Pedro Azevedo In eight days from today, OPEC will mark its 61st birthday. On the 14th of September 1960, in the Al-Shaab Hall in Baghdad, the five visionary founders of our Organization brought OPEC into being. Over the subsequent decades, many words have been used to describe the significance of our Organization’s

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JUST IN: OPEC+ raises Nigeria’s quota to 1.830 million bpd

OPEC, others acknowledge climate change as one of the greatest challenges with impact on nations

OPEC, others acknowledge climate change as one of the greatest challenges with impact on nations .As First Ministerial Roundtable ends By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, and other stakeholders have identified climate change as one of the greatest challenges with a negative impact on both developed and developing countries. In a

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JUST IN: OPEC+ raises Nigeria’s quota to 1.830 million bpd

OPEC plans ministerial roundtable on energy, climate and sustainable development

The OPEC Secretariat will host the ‘First Ministerial Roundtable on Energy, Climate and Sustainable Development’ on Monday, 6 September 2021, via videoconference. The roundtable will be held under the framework of the ‘Charter of Cooperation’ to discuss key challenges and opportunities related to global action aiming to tackle climate change in the context of sustainable

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Latest data show that total OECD oil stocks fell further by 20 mb month-on-month in August

OPEC plans First Ministerial Roundtable on Energy, Climate and Sustainable Development for oil-producing countries

By HE Mohammad Sanusi Barkindo It is my pleasure to welcome you to OPEC’s 4th Technical Workshop on Climate Change. It is good to see so many familiar faces joining us for this very timely discussion. We are very pleased to see participants from some non-OPEC countries in the Charter of Cooperation, as well as

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