Saudi Arabia, Iraq, UAE remain top 3 oil producers — OPEC By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, said Saudi Arabia, Iraq and United Arab Emirate remain the top three oil producing countries with 8.818 million barrels per day, bpd, 4.093 million bpd and 2.894 million bpd, respectively. In its December […]
Saudi Arabia, Iraq, UAE remain top 3 oil producers — OPEC Read More »
African nations should reject anti-fossil fuel policies at COP 28 The hypocritical, biased and unjust climate agenda poses a direct threat towards Africa’s development, and countries should remain resilient in their efforts to defend their right to utilize oil and gas. With COP 28 set to conclude in the coming days, a COP where
African nations should reject anti-fossil fuel policies at COP 28 Read More »
OIL MARKET: Prices hover at over $80 per barrel OPEC+ announce additional voluntary cuts By Eyo Nsima Oil prices, weekend, dropped to over $80 per barrel, from more than $90 per barrel, recorded in October 2023 as the OPEC+ countries move to achieve market stability. Specifically, the prices of Bonny Light, OPEC Basket and
OIL MARKET: Prices hover at over $80 per barrel OPEC+ announce additional voluntary cuts Read More »
COP28: Focusing on a holistic approach to the energy system COP28 marks both a milestone in the ongoing negotiations on the future of our planet and a moment of pride for OPEC as it takes place in one of our Member Countries, the UAE. The UAE plays a critical role as a climate leader,
COP28: Focusing on a holistic approach to the energy system Read More »
AWARD: OPEC Scribe gets highest rank of Brazil’s prestigious Order of Rio Branco HE Haitham Al Ghais, OPEC Secretary General, was presented today with the highest rank of the Order of Rio Branco (rank: Grand Cross) of the Federative Republic of Brazil in recognition of his distinctive achievements in the fields of energy and
AWARD: OPEC Scribe gets highest rank of Brazil’s prestigious Order of Rio Branco Read More »
OIL MARKET: OPEC puts world economic growth at 2.7% and 2.6% in 2023, 2024 By Eyo Nsima The Organisation of Petroleum Exporting Countries, OPEC, has put the world economic growth in 2023 and 2024 at 2.7 per cent and 2.6 per cent. In its August 2023 Monthly Oil Market Report, MOMR, obtained by The Daily, www.thedaily-ng.com, OPEC, stated:
OIL MARKET: OPEC puts world economic growth at 2.7% and 2.6% in 2023, 2024 Read More »
OPEC: Saudi Arabia, Iraq, UAE remain top 3 oil producers By Eyo Nsima Saudi Arabia, Iraq and the United Arab Emirates, UAE remain the top three oil-producing members of the Organisation of Petroleum Exporting Countries, OPEC with 9 million barrels per day, bpd, 4.2 million bpd and 2.9 million bpd respectively. In its August 2023 Monthly
OPEC: Saudi Arabia, Iraq, UAE remain top 3 oil producers Read More »
OIL MARKET: Prices hit $86.55 per barrel on OPEC meeting By Eyo Nsima The prices of crude oil have risen to more than $86.55 per barrel, from $82 per barrel, due mainly to the resolutions of the just-concluded meeting of the Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries; OPEC. The
OIL MARKET: Prices hit $86.55 per barrel on OPEC meeting Read More »
Global rig count rises 3.4% to 1,884 — OPEC By Eyo Nsima Despite the clamour for Energy transition, there are indications that the oil and gas industry still attracts significant investment globally as the rig count, an index of measuring upstream activities, rose by 3.4 per cent, year-on-year, YoY basis to 1,884 in June 2023,
Global rig count rises 3.4% to 1,884 — OPEC Read More »
OIL MARKET: OPEC committed to achieving global market stability — H.E. Antonio Oburu Ondo By Eyo Nsima The Minister of Mines and Hydrocarbons of Equatorial Guinea and President of the Organisation of Petroleum Exporting Countries, OPEC, H.E. Antonio Oburu Ondo, has expressed the commitment of OPEC to achieving market stability. Ondo noted that the market
