August 23, 2026
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OPEC

Algeria Leads Africa as OPEC+ Approves 188,000 bpd Output Increase to Support Oil Market Stability

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

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

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

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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witness stability as the Organisation of Petroleum Exporting Countries, OPEC, and non-OPEC member States, have already withdrawn 2.1 billion barrels of excess oil in the past nine months.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

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

OIL MARKET: We are cautiously optimistic of rebounce —OPEC

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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

How Declaration of Cooperation helped OPEC to stabilise oil market in the past — Barkindo

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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

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

OIL MARKET: We will continue to assess market conditions, and take necessary actions through the DoC

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OIL MARKET: We will continue to assess market conditions, and take necessary actions through the DoC By HE Mohammad Sanusi Barkindo     It is a great pleasure to deliver this ‘Special Address’ at the S&P Global Platts Americas Petroleum and Energy Conference.  I would like to thank the organizers for the invitation, and to

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