OPEC

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

OIL MARKET: Global demand to rise by 5.8 mb/d in 2021 —OPEC

The Organisation of Petroleum Exporting Countries, OPEC, has predicted that global demand will rise by 5.8 million barrels per day, mb/d in 2021, as the world continues its battle against the Coronavirus pandemic, which culminated in lockdown, and low demand for oil. In its report obtained by The Daily, www.thedaily-ng.com, it stated: “For 2021, oil

OIL MARKET: Global demand to rise by 5.8 mb/d in 2021 —OPEC Read More »

OPEC, WAM sign deal on 8th OPEC International Seminar in Vienna

OIL MARKET: Kazakhstan, Iraq pledge to compensate for overproduced volumes

OIL MARKET: Kazakhstan, Iraq pledge to compensate for overproduced volumes Kazakhstan has pledged to make up for its previous over-production, according to the Organisation of Petroleum Exporting Countries, OPEC. In a statement obtained by The Daily, www.thedaily-ng.com, OPEC stated: “Kazakhstan continues to demonstrate its full support for the decisions taken at OPEC and non-OPEC Ministerial Meetings (ONOMM), most recently the 13th

OIL MARKET: Kazakhstan, Iraq pledge to compensate for overproduced volumes Read More »

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

OPEC, Non-OPEC members cut 2.1 billion barrels in 9 months

…Raises hope for market stability By Eyo Nsima There are indications that oil market would continue to witness stability as the Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC member States, have already withdrawn 2.1 billion barrels of excess oil in the past nine months. This was contained in a statement obtained by The Daily,

OPEC, Non-OPEC members cut 2.1 billion barrels in 9 months Read More »

Oil Market: Prices rise to $57.49 per barrel over OPEC, non-OPEC output slash

Oil Market: Prices rise to $57.49 per barrel over OPEC, non-OPEC output slash The price of oil has increased to over $57 per barrel in the international market as members of the Organisation of Petroleum Exporting Countries, OPEC, and non-members commit to an oil output cut. For instance, the price of Brent rose to $57.49

Oil Market: Prices rise to $57.49 per barrel over OPEC, non-OPEC output slash Read More »

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

OIL MARKET: We are cautiously optimistic of rebounce —OPEC

OIL MARKET: We are cautiously optimistic of rebounce —OPEC By Eyo Nsima   The Organisation of Petroleum Exporting Countries, OPEC, has expressed cautious optimism over the possible rebounce of the oil market in 2021. Speaking at the S&P Global Platts Americas Petroleum and Energy Conference, 27 January 2021, HE Mohammad Sanusi Barkindo, OPEC Secretary-General, said: “Nonetheless, we

OIL MARKET: We are cautiously optimistic of rebounce —OPEC Read More »

Scroll to Top