OPEC

By Eyo Nsima THE price of oil has dropped from $68.50 to $64.19 per barrel in the international market as stakeholders await the outcome of the Organisation of Petroleum Exporting Countries, OPEC, and Non-OPEC meeting, where the decision of increase output is to be taken. For instance, the price of Brent, which had soared towards […]

OPEC’s 8th International Seminar postponed to June 29-30, 2022   The Organization of the Petroleum Exporting Countries (OPEC) has postponed its 8th International Seminar until next year due to the COVID-19 pandemic. The Seminar, originally scheduled for 16-17 June 2021, will now be held on 29-30 June 2022 at the Hofburg Imperial Palace in Vienna,

OIL MARKET: DoC partners are determined to play their part and provide that effective policy support   By Mohammad Sanusi Barkindo   It is a great pleasure to participate in the 11th IEA-IEF-OPEC Symposium on Energy Outlooks. The last edition of the symposium took place on 19 February 2020. It would be something of an understatement to

COVID-19: How oil demand dropped by 9-10mb/d in 2020, to rebound by 5-6mb/d in 2021 — OPEC     The Organisation of Petroleum Exporting Countries, OPEC, has provided details of the outbreak of Coronavirus pandemic culminated in oil demand contracting by 9-10 million barrels per day in 2020.   The Organisation is also looking forward to market rebound by 5-6