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 daily basket price stood at $59.58 a barrel Monday, 8 February 2021, compared with $58.92 the previous Friday https://www.opec.org/opec_web/en/press_room/6291.htm
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OPEC daily basket price stood at $58.92 a barrel Friday, 5 February 2021, compared with $58.25 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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OPEC daily basket price stood at $58.25 a barrel Thursday, 4 February 2021, compared with $57.72 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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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
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…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witness stability as the Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC member States, have already withdrawn 2.1 billion barrels of excess oil in the past nine months.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,
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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
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OPEC daily basket price stood at $54.41 a barrel Friday, 29 January 2021, compared with $54.36 the previous day https://www.opec.org/opec_web/en/press_room/6291.htm
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
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How Declaration of Cooperation helped OPEC to stabilise oil market in the past — Barkindo The Secretary General, Organisation of Petroleum Exporting Countries, OPEC, has recounted the effectiveness of the Declaration of Cooperation, DoC, as a strategy in tackling instability in the global market. In his recent presentation obtained by The Daily, www.thedaily-ng.com, HE Mohammad Sanusi
