OPEC

OPEC+ ministers increase Nigeria’s oil output by 30.6% to 1.829 mb/d By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC Ministers, otherwise known as OPEC+, has increased Nigeria’s oil output to 1.829 million barrels per day, mb/d with effect from 2022. The decision was taken at the 19th OPEC and non-OPEC Ministerial […]

Outlook for worldwide oil demand is also moving in the right direction, to grow by 6 mb/d in 2021 By HE Dr Diamantino Pedro Azevedo It gives me great pleasure to welcome you to the 181st Meeting of the OPEC Conference. I would like to begin by congratulating our esteemed colleague, His Excellency Bijan Namdar

OPEC to mark 50th anniversary of Nigeria’s Membership The OPEC Secretariat will mark the 50th anniversary of Nigeria joining the Organization on July 12, 2021. Nigeria was unanimously accepted as the then 11th Member of OPEC on July 12, 1971, it was a day of historic importance for both Nigeria and OPEC. In a statement

OPEC puts 2021 global economic growth forecast at 5.5% By Eyo Nsima As oil prices continue to leap, the Organisation of Petroleum Exporting Countries, OPEC, has forecasted the global economic growth at 5.5 percent in 2021. In its June 2021 Monthly report, obtained by The Daily, www.thedaily-ng.com, OPEC, stated: “The global economic growth forecast for 2021